888 Holdings plc (888) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and thanks for joining us today for our H1 2024 results. I am Per Widerström and have now been the CEO of Evoke for 10 months. We already gave you the key headlines of our first half in our trading update a month ago and the action numbers for H1 are exactly in line with the guidance we gave. So we are going to keep today fairly brief. I will start with a short summary, including the actions we are taking to address performance, including details of our current trading before Sean walks through the financials. And then I cover our strategic progress before taking your questions. The first half financial results are exactly in line with our trading update announcement a few weeks ago. But let me start by reiterating what I said before, that these results are disappointing and are not acceptable. We understand exactly what went wrong and we have taken corrective actions to address the problems. This is what I will take you through in more detail shortly. We are seeing good traction from our decisive actions and I'm pleased to say that Q3 to date is in line with our 5-9% growth targets. We are laser focused on delivering our commitments for H2, and we have implemented a number of tactical actions focused on short-term performance turnaround to ensure we deliver these targets in the second half. But be in no doubt that the actions we are taking are much more significant than this, and are much more strategically positive. Focus on our value creation plan and setting up the business for the longer term. We are seeing steady improvements in our run rates, but I am really excited about our growing capabilities and what this means for our future profitability. Turning to slide three and to cover current trading and what we are seeing and expect to see i...