Angling Direct PLC (ANG) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Angling Direct PLC investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. And then I'd like to hand you over to Steve Crow, CEO. Good morning, sir. Good morning, everyone. Welcome to our 2024 financial results. And pleased for the first time as CEO to present those results. And also for the first time, we're going to set out our medium term ambitions for the company. And again, we're pleased to do that given we've not previously entertained that. And for the first time, we're going to give some transparency over the way we see the future developing. Excellent. The headlines. So for the 2024 results, delivered record revenues and again strengthened our margins and our cash position and executed our strategy of taking market share and underpin that by continuing to invest in the business. Particularly pleasing is we've reinvigorated the UK growth. Last year, the 2023 year was relatively soft at 1.6%. We're really pleased to deliver 9% growth in the UK business in the 2024 year. That was across both channels, stores and online. The online business returning to growth with the previous year where we regressed. And again, that was a particularly strong performance of 11% growth. In Europe, we've made tangible progress in a challenging market. We've closed the ...