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CIEL’s impressive 2023 financial results are a testimony to our entrepreneurial spirit and the dedication displayed by the invaluable people who work in the Group. Comprised of diverse teams, we embarked on a collective journey towards a common vision. We are proud of what we have achieved.
Our teams have been key in navigating through challenges, effectively transforming them into prospects for growth. The concept of ‘People Powered Success’ eloquently encapsulates this unwavering dedication to exceed expectations and pioneer innovation. Irrespective of individual roles or geographical boundaries, we remained united under the banner of one cohesive entity - the CIEL family.
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CIEL’s impressive 2023 financial results are a testimony to our entrepreneurial spirit and the dedication displayed by the invaluable people who work in the Group. Comprised of diverse teams, we embarked on a collective journey towards a common vision. We are proud of what we have achieved.
Our teams have been key in navigating through challenges, effectively transforming them into prospects for growth. The concept of ‘People Powered Success’ eloquently encapsulates this unwavering dedication to exceed expectations and pioneer innovation. Irrespective of individual roles or geographical boundaries, we remained united under the banner of one cohesive entity - the CIEL family.
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CIEL’s impressive 2023 financial results are a testimony to our entrepreneurial spirit and the dedication displayed by the invaluable people who work in the Group. Comprised of diverse teams, we embarked on a collective journey towards a common vision. We are proud of what we have achieved.
Our teams have been key in navigating through challenges, effectively transforming them into prospects for growth. The concept of ‘People Powered Success’ eloquently encapsulates this unwavering dedication to exceed expectations and pioneer innovation. Irrespective of individual roles or geographical boundaries, we remained united under the banner of one cohesive entity - the CIEL family.
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CIEL’s impressive 2023 financial results are a testimony to our entrepreneurial spirit and the dedication displayed by the invaluable people who work in the Group. Comprised of diverse teams, we embarked on a collective journey towards a common vision. We are proud of what we have achieved.
Our teams have been key in navigating through challenges, effectively transforming them into prospects for growth. The concept of ‘People Powered Success’ eloquently encapsulates this unwavering dedication to exceed expectations and pioneer innovation. Irrespective of individual roles or geographical boundaries, we remained united under the banner of one cohesive entity - the CIEL family.
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CIEL’s impressive 2023 financial results are a testimony to our entrepreneurial spirit and the dedication displayed by the invaluable people who work in the Group. Comprised of diverse teams, we embarked on a collective journey towards a common vision. We are proud of what we have achieved.
Our teams have been key in navigating through challenges, effectively transforming them into prospects for growth. The concept of ‘People Powered Success’ eloquently encapsulates this unwavering dedication to exceed expectations and pioneer innovation. Irrespective of individual roles or geographical boundaries, we remained united under the banner of one cohesive entity - the CIEL family.
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CIEL’s impressive 2023 financial results are a testimony to our entrepreneurial spirit and the dedication displayed by the invaluable people who work in the Group. Comprised of diverse teams, we embarked on a collective journey towards a common vision. We are proud of what we have achieved.
Our teams have been key in navigating through challenges, effectively transforming them into prospects for growth. The concept of ‘People Powered Success’ eloquently encapsulates this unwavering dedication to exceed expectations and pioneer innovation. Irrespective of individual roles or geographical boundaries, we remained united under the banner of one cohesive entity - the CIEL family.
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Dear Shareholder,
As we report on another year of strong results, I would like to share some thoughts on the road that brought us to where we are today.
We set about in this report to shine a spotlight on the true engine of our success: Our People
Ten years ago, CIEL embarked on a journey of growth and adapted its structure to upcoming challenges. At the time, we took decisive steps to strengthen our foundations through a major restructuring of our share capital while reorganising our diversified operations into five business clusters across Mauritius, Africa and Asia.
“At CIEL, we possess a powerful asset that holds the potential to drive positive change across our operational regions – our dedicated and talented people.”
In our dynamic operating landscape, the cornerstone of our success remains our strategic approach and how we leverage synergies within our respective sectors and markets.
The recent improvements in economic prospects in Mauritius, East Africa and Madagascar and the impressive growth unfolding in India have presented us with substantial opportunities. Our strategy, centred on deploying our operations across six strategic sectors and investing into these burgeoning markets, continues to showcase its merit. It is not just about conducting business; it is about strategically positioning ourselves to thrive in the markets of tomorrow.
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GROUP CONSOLIDATED REVENUE
24%MUR 28,525M - 30 June 2022
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EBITDA 34%
MUR 5,269M - 30 June 2022
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GROUP PROFIT AFTER TAX 100%
MUR 2,154M - 30 June 2022
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PROFIT ATTRIBUTABLE TO OWNERS >100%
MUR 1,300M - 30 June 2022
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GROUP EARNINGS PER SHARE >100%
MUR 0.77 - 30 June 2022
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EBITDA MARGIN
18.5%
30 June 2022
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DEBT TO EBITDA
2.5
30 June 2022
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ROCE
9.7%
30 June 2022
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COMPANY NAV PER SHARE
(12)%MUR 12.49 - 30 June 2022
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GROUP NAV PER SHARE 18%
MUR 10.50 - 30 June 2022
Insights from Our
Group Finance Director
Strong operational performance, effective cash management, and a successful growth strategy led the Group to achieve remarkable profit milestones
This past financial year, our investment approach and finance strategy have remained steadfast. This was supported by a robust portfolio of diversified assets, while adapting to a dynamic environment and a constant commitment to inclusive growth and stakeholder value creation.
How We Plan to Sustain Value over Time
How We Plan to
Sustain Value
over Time
The progress made in our sustainability journey is indeed a direct result of the passion and commitment of our employees.
True to our purpose, we will continue to invest in human capital and our network of stakeholders to drive positive and meaningful impact.
Sustainability is a continuous journey; one, which we believe requires us to build a sustainability mindset that permeates all areas of the Group. People-powered success is the cornerstone of that mindset. The progress made, since 2020, under the three pillars of our sustainability strategy is indeed a direct result of the passion and commitment of our employees to create a world we can all feel proud of.
