2023 has been a year of growth for the Group. We anticipated a slowdown in the market and we succeeded in asserting our resilience by navigating the macroeconomic headwinds throughout the year. This allowed us to achieve excellent results which placed us amongst the most performing companies in our sector while we continued to gain market share. And for this, I would like to extend my heartfelt thanks to all our Capgemini team members for their dedication and mobilization. Ultimately, this year’s performance was a crowning moment in a particularly dynamic decade. In ten years, the Group more than doubled in size, our operating margin increased by four points, while earning per share and our free cash flow almost tripled!
The scale of this performance reflects the extent of our Group’s transformation, our discipline in execution and the accuracy of our positioning: we are a business and technology transformation partner to our clients. We work hand in hand with businesses across the executive C-suite and at every step of their value chain. The senior executives I meet with are fully engaged in transitioning towards a digital and sustainable economy and they trust us to guide them on their journeys.
Today, we are creating value and tangible business results through our industryspecific solutions for the world’s leading businesses, and we are actively involved in their transition to net zero. And you can take our clients’ word for it! In this report, you will find many client stories and conversations with leaders from Alstom and Telia attesting to this. On a more personal note, the Group holds a special place in my heart. I am extremely proud of how far we have come, both in terms of the strong acceleration the Group has demonstrated in recent years and how today, our clients consider us to be a strategic partner.
We cannot look back on 2023 without mentioning the breakthrough in AI and gen AI. It represents a huge opportunity for all businesses and we are a major player in this domain. Thanks to our expertise in this area our clients can explore, test and deploy - at scale - solutions that are capable of delivering undeniable business value. In just a few months, we succeeded in establishing partnerships with the biggest names in the market: Microsoft, Google, AWS, Salesforce and Mistral AI and our €2 billion investment plan will further strengthen our leadership.
This past year, we have taken important steps in ESG as well. We are a responsible business and we are systematically taking the necessary actions to create a more sustainable and inclusive world. We are leading the way with bold innovations to reduce our carbon footprint: 96% of the electricity the Group consumes is now renewable and our carbon emissions, across all three scopes, have decreased by 30% since 2019.
In terms of social responsibility, we continue to make strides and employee training and upskilling remain our number one priority. The Group has strengthened its commitment to diversity and inclusion and I am proud of the way we are upholding the values of respect, tolerance and inclusion.
In this report you will discover what Capgemini stands for, its vision and the value we bring to our clients. You’ll also be able to look back on an exceptional year of sponsorship - rugby, golf, hybrid motorsports. Our transformative power has crossed over into sports! I’m glad we will continue this journey into 2024 with the sponsorship of the emblematic America’s Cup.
Today, while the global context is uncertain on many levels, I remain optimistic. I believe in the potential that technology has to build a digital and sustainable economy and we are committed to keeping people at the heart of it. I am confident in the Group’s ability to grow and I know I can count on the energy and passion of all our people.
