The portuguese company recorded a turnover of 4.4 million euros and increased its team by more than 60%
CodeOne, a market leader in Voice Picking solutions and technological innovation, has announced its financial and operational results for 2023 and revealed its plans for the future.
In the year just ended, the company recorded a turnover of 4.4 million euros, marking growth of more than 10% on the previous year. Over the last five years, the company has maintained an average annual double-digit growth rate of 20.6%. This growth has been accompanied by a significant increase in the team, with an increase of more than 60% in the number of employees.
CodeOne also stood out for its strong customer retention capacity, with a rate of over 86%.
The company is also continuing its commitment to innovation by reinforcing its investment in Research and Development. In 2023, the Portuguese company invested more than 200,000 euros in this area.
“2023 was a year of remarkable achievements for CodeOne. We crossed barriers and exceeded expectations, solidifying our position as leaders in technological innovation. This success is a testament to our tireless commitment to excellence and customer satisfaction,” said Carlos Figueiredo, CodeOne’s CEO.
Portugal and international markets
In Portugal, the company has solidified its presence through key projects with renowned companies including Jerónimo Martins, Sonae, Nestlé, Sumol+Compal, DS Smith, Grupo Logista, Sogenave, Zolve and Seda Ibérica. These projects highlight CodeOne’s strong performance in sectors such as Retail and Distribution, Food Production and Logistics.
The domestic market is CodeOne’s main front, but its presence in countries such as Spain, the United Kingdom, France, Ireland, the United States, Angola and Colombia is testimony to the internationalization strategy that guides the company’s destiny and its ambitions for the near future.
“At CodeOne, we believe that true growth comes from the ability to constantly reinvent ourselves. In 2023, we not only reached significant financial milestones, but also paved the way for the future of technology. I’m proud of what we’ve achieved and excited for what’s yet to come,” added Carlos Figueiredo.
CodeOne’s technological front continues to evolve with innovative projects in RFID, Voice Picking, namely the introduction of Data Analytics and vision technology, among others. The company also focuses on the research and development of solutions for the traceability and monitoring of products in cold/negative cold environments and the development of customized solutions for data collection and automatic identification. The maintenance and support of high-quality equipment is also a priority.
Looking ahead to 2024, CodeOne reaffirms its commitment to leading innovation and offering solutions that respond assertively to its customers’ challenges. With a solid foundation and a clear strategy for the future, the company is ready for new challenges and opportunities, while maintaining its focus on excellence and customer satisfaction.