Barco Nv (BCNAF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the earnings call for Barcodes Full Year Results 2024. My name is Willem Franszoo and I'm the Head of Investor Relations and today we are publishing our results under the heading Strong Cash Generation in a Challenging Year. The results will be presented by our CEO Ann Segen and the CFO Anne Sender. This will take about 15 to 20 minutes and after the presentation we will open for questions and I will now give the word to Anstegen who will kick off the presentation. Thank you Willem and good morning everybody. So let me start with the summary of the group's results for 24. So after a very difficult start of the year we saw the situation actually improve throughout the second half where we ended up almost flat compared to the year before. We saw quite some divisional and regional differences, where we saw very strong performance in the Americas and weaker and softer market conditions in EMEA and APAC. We started the year with a very strong order book, around $564 million. That was definitely with a significant growth in the entertainment business. Also a very healthy book-to-bill, larger than one. And we also stepped up our revenue from eco-labeled products to 68% from the total revenue. For EBDA margin, for EBDA we landed at 121 million, which is 12.8% from sales, with a significant step up in the second half. So gross profit percentage was of course supported by the introduction of new products, also more software in the mix, but it was also offset with a weak sales in our meeting experience click share. Now, in the second half, we also basically controlled OPEX, but in a way that we did not jeopardize, of course, our investments and our developments. And we ended up with an EBITDA margin of 16.7% for the second half. Ne...