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Howden’s FY’23 revenue jumps, total acquisitions at 56
EBITDA margin stood at 31.9%.
Howden, insurance intermediary group, saw its full-year 2023 revenue surge 33% to $3.1b (£2.4b). The group also saw its adjusted consolidated EBITDA climb 30% to $983.5m (£780m).
The EBITDA margin stood at 31.9%, driven by a combination of organic growth and selective acquisitions, with a 13% organic growth rate recorded.
ALSO READ: Howden taps David Shalders as group COO
In FY23, the company completed 56 acquisitions, including notable transactions such as TigerRisk in the US, March RS in Spain, and Reich Insurance in the UK, amongst others.
(£1.00 = $1.26)
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