integrated report 2024

Waves of Change

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IBL is becoming a major regional player


Countries of operation

  • countries of activity in East Africa
  • %
    of the Group’s revenue is generated internationally

Team Members

37,950

  • %
    of team members located outside of Mauritius
  • %
    of IBL team members who were surveyed believe their business unit is a Great Place to Work

Chairman's message

Jan Boullé

ibl integrated report 2024 jan boulle

“IBL achieved exceptional growth over the past financial year, almost doubling its turnover and improving profitability by over 20%. This reflects the solidity of IBL’s investments, the resilience of its portfolio and the successful execution of its Beyond Borders strategy.”

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Interview with the group CEO

Arnaud Lagesse

ibl integrated report 2024 ceo arnaud lagesse

“Our performance this year was driven by our recent acquisitions in East Africa and Reunion, as well as gains in our existing businesses. Having invested over USD 200 M in the region since 2022, we are now focused on consolidating our investments and optimising organic growth.”

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Financial Performance

Group Revenue


Rs  Bn

FY 2023: Rs 52.1 Bn | 96%

EBITDA


Rs  Bn

FY 2023: Rs 6.9 Bn | 45%

Operating Profit


Rs  Bn

FY 2023: Rs 4.3 Bn | 27%

Profit after tax


Rs  Bn

FY 2023: Rs 4.9 Bn | 19%

GROUP CFO's REPORT

Cédrik Le Juge de Segrais

ibl integrated report 2024 cedric le_juge cfo of ibl group

“In this transformational year, IBL benefitted from strong momentum across business clusters and geographies. Our Beyond Borders strategy is now a tangible reality, with more than 50% of our revenue generated overseas.”

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growth enablers

  • human-capital-the-cornerstone-of-ibls-successes

    Hubert Gaspard

    Chief Human Capital Officer

    Human Capital: The cornerstone of IBL’s successes

    “To become an employer of choice, IBL’s people strategies focus on transforming team members through skill development and mindset shifts. Efficiency, continuous improvement, and leveraging technology drive our efforts in recruitment, engagement, and talent development.”

  • a-responsible-and-proactive-approach-to-sustainability

    Christine Marot

    Group Head of Technology & Sustainability

    A responsible and proactive approach to sustainability

    “We approach sustainability in a structured manner, recognising that a strong baseline is key in establishing a coherent strategy that drives meaningful change and a positive impact on both the environment and our community.”

  • leveraging-cutting-edge-technology-and-data-driven-insights

    Diya Nababsing-Jetshan

    Head of Technology & Digital Transformation

    Leveraging cutting-edge technology and data-driven insights

    “Technology and Transformation are integral to IBL’s overall strategy, embedded in the business plans of most IBL companies. After several years of refreshing core systems, we are now shifting our focus to automation, data analytics, and AI.”

  • creating-value-through-innovation-and-pioneering-new-approaches

    Delphine Lagesse

    Group Strategic Innovation and Excellence Executive

    Creating value through innovation and pioneering new approaches

    “Innovation is not a one-time event. At IBL, we have established a structured process that allows us to methodically explore ideas and strategically invest in the most promising ones, transforming them into concrete actions and lasting success.”

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‘BEYOND BORDERS’ IN PRACTICE

Interview with Fabrice Adolphe,
COO of HealthActiv and CEO of Harley's Group

ibl integrated report 2024 fabrice adolphe

“The East African market offers immense opportunities. The business landscape allows us to apply much of what we’ve developed in Mauritius, while also learning from the region’s unique dynamics.”

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