Gurit Holding AG (0QQR) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Let me now up front, good morning all together, allow up front to make an introduction, saying that this presentation may include forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Corit Holding AG about the future results of operations, financial conditions, liquidity performance and similar circumstances. Such statements are made on the basis of assumptions and expectations, which may prove to be erroneous. Also, Guret Holding AG believes them to be reasonable at this time. And with this, Philipp, I hand over to you. Thank you, Javier. Good morning and thanks for being in the call. I'm going to go through only three factual slides. 24, 25, and then post-25. So if we look at 24, first we have lower sales in wind. This is because we are focusing on profitable geographies. In other words, we are selling less to China. The marine and industrial volumes are growing. In this particular business, we did stop some legacy sales uh all automotive sales but in a focused market sales we are growing uh our adjusted operating profit margin went up 50 plus so from 4.4 percent to 6.7 percent with wind footprint is being resized our marine and industry offering and footprint are expanded both in Europe and in the US. Our G&A costs have been decreased. We generated a positive free cash flow and we signed a new three-year banking contract in the last day, in fact. So we have very actively been improving GURID's trajectory in 24. If we move to 25, we will continue to amend our trajectory, so continue to focus wind sales on strategic markets and customers. and we are deploying an optimization tool to win customers in fact it allows them to save resin so this means to save cost to save weight in the blade we are continuing to impro...