ConvaTec Group Plc (CTEC) Q2 2024 Earnings Call

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Watch the replay and follow the connected company analysis, news, and investor updates for Convatec Group Plc.

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.755 So quiet, but I got some smiles, which is good. 00:00:02.755 -- 00:00:05.319 Hi, Monita. Nice to see you. 00:00:05.319 -- 00:00:09.425 She's like, why is he calling me out? Anyway, look, it's a real pleasure to be with you 00:00:09.425 -- 00:00:15.093 here this morning, and I'd like to welcome you to Convitec's first half 2024 00:00:15.093 -- 00:00:20.201 results review. Well, what we'll be doing today, both Johnny and I, is reviewing 00:00:20.201 -- 00:00:25.175 both our financial performance and the strategic progress we've made. 00:00:25.175 -- 00:00:30.401 We're very pleased with the financial performance and the strategic progress we've made. 00:00:30.401 -- 00:00:35.166 And what I thought we could do now was to really spend some time to understand what are 00:00:35.166 -- 00:00:40.712 the five key overarching messages or thoughts we want to leave you with today. 00:00:40.712 -- 00:00:46.199 The first one is that in the first half of the year, we went ahead and delivered strong, 00:00:46.199 -- 00:00:51.364 broad-based organic revenue growth. In addition, we're very much on track 00:00:51.364 -- 00:00:54.824 to go ahead and expand our operating profit margin. 00:00:54.824 -- 00:00:57.909 and we're growing our earnings and our free cash flow. 00:00:57.909 -- 00:01:01.254 So clearly a strong financial result. 00:01:01.254 -- 00:01:05.140 When you then combine that from a strategic vantage point, we've gone ahead and strengthened 00:01:05.140 -- 00:01:10.948 our competitive position and our new product launches are doing very well in the marketplace. 00:01:10.948 -- 00:01:16.356 When you sum that all up, we're confirming to you 2024 guidance 00:01:16.356 -- 00:01:21.132 and our medium-term guidance. That's in essence what we want...