Ion Beam Applications SA (IOBCF) Q4 2024 Earnings Call

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WEBVTT 00:00:01.533 -- 00:00:06.601 Hello and welcome to IBE's FOLIO 2024 results conference call. 00:00:06.601 -- 00:00:10.767 I am Thomas Pevenage, head of investor relations of IBE. 00:00:10.767 -- 00:00:15.434 As usual, you will find this presentation on the investor relations page of our website. 00:00:15.434 -- 00:00:19.119 The question and answer session will follow the formal presentation. 00:00:19.119 -- 00:00:22.361 Note that this call is being recorded. 00:00:25.629 -- 00:00:29.435 Moving to the next page, let me draw your attention to the company's usual disclaimer 00:00:29.435 -- 00:00:33.955 of forward-looking statements. In addition, you will have noticed that we have changed 00:00:33.955 -- 00:00:39.222 the application of IFRS 15 for revenue recognition of third-party equipment sales, 00:00:39.222 -- 00:00:43.808 leading to an increase of our reported revenues and cost of goods sold, and a decrease 00:00:43.808 -- 00:00:48.211 of our gross margin and REBITs margin in percentage. 00:00:48.274 -- 00:00:53.321 424 numbers reflect this new method of reporting, and 423 numbers have been 00:00:53.321 -- 00:00:55.604 restating accordingly. 00:00:55.604 -- 00:01:00.308 I will now hand over to Olivier Legrand, Chief Executive Officer of IBM. 00:01:00.308 -- 00:01:02.971 Thank you very much, Thomas. Good afternoon, everybody. 00:01:02.971 -- 00:01:07.738 It is a summary of what we will cover today. 00:01:07.738 -- 00:01:10.701 We'll start with the highlight of 2024, 00:01:10.701 -- 00:01:15.988 and then we'll take you through the business review of our activities and our financial 00:01:15.988 -- 00:01:21.155 results for 2024. As we accelerate our transformation journey to 00:01:21.155 -- 00:01:26.221 improve execution at a new level, we are adapting the report...