Belysse Group N.V. (0RQK) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the conference call of Belize Group and V regarding the H1 2024 results. As a reminder, all participants will be in listen-only mode. After the presentation, there will be a questions and answer session for analysts covering the Belize share. Today we have with us James Newling, Chief Executive Officer, André Ruggis, Chief Financial Officer, and Ruben Patius, Group Director of Sustainability and Strategic Projects. Gentlemen, the floor is yours. Thank you, Lynn. James Newling speaking. Good morning to everybody and welcome to our first half, the Belize Group's first half results call. If you have not already done so, you can download the press release and presentation from this investor relations section on Belize.com. I need to start with bringing your attention to the disclaimer on slide two. I will not read it out, but please do make sure you have read it. So now I will talk about the financial summary in the first half of 2024. Then Andy Rogist, CFO of Belize Group, will take us through the financial review. And finally, Ruben Pateas, Group Director of Sustainability and Strategic Projects, will give a quick update on our Beyond program. I will then do a conclusion. As Lynn stated earlier, we will end this call with a Q&A session with the analysts following our stock. So let's turn to slide four for the first half financial summary. From a financial standpoint, we saw a first half 2024 consolidated revenue, a total of 144.7 million euros, which represents an organic decrease of 7.0% year on year. Revenue of our US business declined by 6.2% year on year, while our European business faced a decline of 7.8% year on year. In terms of profitability, the first half 2024 adjusted EBITDA was 21.5 million, which represents a ...