Kendrion N.V. (0G68) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everybody here in the Novotel and on the webcast and welcome to Kendrion's Q4 and full year 2024 results presentation. My name is Joep van Beurden, Kendrion's CEO and with me here is Jeroen Hemmen, our CFO. This morning's agenda. I will start highlighting the strategic repositioning of Kendrion that we've implemented in 2024 by selling almost our entire automotive franchise to Soliro Jeroen will then review Q4 and the full year 2024 results, after which I will give you an update of the progress we have made operationally over the past year, including ESG. Next, I will discuss the outlook for the remainder of the year and go to Q&A. Before discussing the strategic repositioning, I would like to draw your attention to the following. Certain statements contained in this presentation constitute forward-looking statements And these forward-looking statements rely on several assumptions concerning future events and are subject to uncertainties and other factors, many of which are outside the company's control that could cause actual results to differ materially from such statements. Today we are here to discuss our Q4 and full year 2024 results and to present a new Candrion. A Kendrion that is no longer active in both the automotive and the industrial markets. And a Kendrion that will continue its business as a pure play industrial company. A Kendrion that will focus exclusively on opportunities within our industrial breaks and industrial actuators and controls business groups in Europe, China and the US. And a Kendrion that's a global niche leader in selected industrial market segments. that we expect will sustainably grow its revenue through the economic cycle with a goal of achieving a profitability of at least 15% EBITDA. A Kendrion that has and will selec...