ConvaTec Group Plc (CTEC) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

It's really good to be with all of you today, and thank you for joining us. As you think about 2023, I think it's fair to say that Comitech delivered some really strong results, right? And I think what's also clear is that we're delivering sustainable and profitable growth. What Johnny and I would like to do today is to really spend some quality time with you and discuss with you how is it that we're being able to deliver sustainable and profitable growth And we want to do that by really looking at it through key lenses. Lens number one is from a strategic vantage point, what are we up to? And B, from a financial perspective, how are we actually delivering sustainable and profitable growth? So as you think about that, let's try to focus on the financials first. From a financial perspective, I think what's clear is that in 2023, we went ahead and accelerated our revenue growth, and that was broad-based. Second, what you'll notice is that we expanded our operating margins for a second year in a row. And thirdly, we actually saw an increase in earnings per share in free cash flow to equity. So clearly, again, strong financial performance. But when you look at our competitive position, that also strengthened. And what's particularly notable is now the strength of our pipeline. And we'll spend more time there. So as you start thinking about strong financial performance, strengthening the competitive position, and a rich and deep pipeline, that gives us confidence that we're going to go ahead and grow even faster. And so, therefore, we've gone ahead and increased our medium-term outlook on the revenue side from the historical 4% to 6% to now it being 5% to 7%. In addition, we expect to continue to go ahead and grow and expand our operating profit margins. Let's look at som...