Annual report 2023

Annual report 2023

This integrated 2023 Annual Report provides a comprehensive overview of Sibelco’s economic, environmental, social and governance performance in a single document.

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Message from the Chairman & CEO

It is our privilege to introduce the Annual Report of 2023 where we post a strong set of overall financial results in a challenging year for the global economy.

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About this report

As well as detailed financial statements, the report explains who we are and what we do as well as the context in which we operate. It summarises our Sibelco 2025 strategy and the progress we are making towards our goals. It outlines how we seek to contribute towards the achievement of the UN Sustainable Development Goals (SDGs) and sets out Sibelco’s targets for 2030.

Full report

Financial report  

Sibelco delivered a strong set of financial results, with substantial increases in revenue (+5%), EBITDA (+22%) and FOCF (+174%) against 2022. 

In 2023, Sibelco made excellent progress with the execution of its strategy. A notably strong performance from Sibelco’s US high purity quartz operation was a key driver behind the positive results.

Our sustainability framework

From the materiality assessment, we developed our ESG framework built around 3 core elements: Protecting the Planet, Caring for our People and Engaging with Society. Each element has clearly-defined focus areas.

With our purpose Material Solutions Advancing Life at the centre, our sustainability strategy contributes to 11 of the 17 United Nations Sustainable Development Goals (SDGs).

Sustainability report

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