Evoke plc (EVOK) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and thanks for joining us today for our 2024 results. I am Per Witteström, and I'm joined today by Sean Wilkins, our CFO. I've been CEO of Evolve for nearly 18 months now, and in today's presentation, I'm delighted to report on the strong progress we are making with our business transformation and turnaround. We start with the agenda on slide two, and while we already gave you the key headlines on 2024 performance and our full year trading update in January, I'm pleased to say that our adjusted EBITDA was actually two million pounds ahead of the top end of our previous update. I'm delighted to report we met or exceeded our commitments from the interim results, and Sean will talk through the details of this, as well as covering our current trading and outlook for the year ahead. I will then cover our strategic progress and how we are executing gains that value creation plan before taking your questions. Turning to slide 3 with a reminder of our commitment to shareholders to create the value that we laid out exactly a year ago today. Firstly, driving growth. We have made great progress focusing the business towards our five core markets, which now make up 90% of our revenue. The business is powered by these market leading positions, which deliver strong, sustainable and profitable growth and support our confidence in achieving our 5% to 9% revenue growth targets. Secondly, we are improving operating leverage. Our adjusted EBITDA margin was 22% in the second half of 2024. While we expect this to be more like 20% for full year 25, we are on the positive upwards trajectory and continue to see significant long-term upside to our profitability as we build our enhanced capabilities. Thirdly, we are highly disciplined with our capital and use of cash a...