Investor Relations

tesa remains on track: balanced growth also in fiscal year 2023 

After a successful fiscal year 2022, tesa continued to grow organically by 3.2% in 2023 despite a challenging market environment. With sales of €1.67 billion, an EBIT margin (excluding non-recurring effects) of 16.0% and EBIT of €266 million, the company was able to build on the good results of the previous year. 

The Industry division recorded solid growth of 3.7% in the year under review. The Automotive business in particular was a key driver, with new projects with OEMs and their suppliers. Here tesa achieved double-digit growth. The Electrical Systems business was also able to further expand its business thanks to a well-positioned product range and the placement of innovation themes with customers. The Consumer business achieved organic growth of 2.5% in a persistently challenging market environment. Mounting tapes, tapes for craftsmen and repairing tapes were the primary growth drivers in the product range. 

Focus on international expansion and sustainability

In addition to the development of innovative solutions in individual business segments, 2023 was characterized by international expansion and the implementation of tesa's sustainability strategy. With the opening of the new tesa site in the Vietnamese port city of Haiphong and the expansion of tesa site Sparta in the US state of Michigan, tesa significantly increased its proximity to regional customers. Several milestones were achieved in the area of sustainability in fiscal year 2023 as well. Innovative and more sustainable solutions have been developed to enhance the top product lines within the automotive, electrical, and construction sectors, along with addressing consumer business needs. In addition, tesa was awarded the EcoVadis Gold Medal as part of its extensive sustainability initiatives. 

“Looking back, I believe 2023 was a positive year for us on the whole. We succeeded once again harmonizing growth, progress, and sustainability," said Dr Norman Goldberg, CEO of tesa SE.