Avolta Ag Unsp/Adr (DUFRY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, good evening, and welcome to this half a year results presentation for Avolta. My name is Xavier Rossignol. I'm the CEO of the company and next to me, Yves Gester, our global CFO. I'm going to use the presentation from our website and also projected here going straight to page number four. The highlights of the first half a year. are another, and I think it's 12 now, quarters in line with our outlook. Very strong performance across all the key measures. It started with a reported growth, same currency, of 7.1% for the first six months of the year, which is a strong organic growth of 5.7%. As we're going to discuss in the next few minutes, this Percentage is particularly strong taking into consideration the challenges of the first half of the year, the slowdown in the U.S., the Middle East crisis, and the ongoing geopolitical challenges either in the Middle East, on Ukraine, or in other parts of the world. Despite all that, we have delivered a clear positive growth on the first half of the year. EBITDA margin has expanded again 30 basis points at the midpoint of our mid- and long-term outlook, and we have generated also a very strong equity-free cash flow. Of course, the cash flow per quarter is affected by the seasonality of the business and the CAPEX, as Yves is going to explain later on. Commercially, we continue not only with a strong like for like, but with a positive business development in all of our four regions. And we've been reporting during the last few quarters advancements in all of them, both in food and beverage and retail. And we never forget that we are here to deliver value. And in the business development, that means focusing on profitable and good return investment. So we continue with an active portfolio management, focusing on ge...