Kion Group Ag Unsp/Adr (KIGRY) Q4 2024 Earnings Call

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WEBVTT 00:00:00.402 -- 00:00:04.669 Good afternoon, ladies and gentlemen, and welcome to our update call and webcast on the 00:00:04.669 -- 00:00:09.396 fourth quarter in full year results in 2024. 00:00:09.396 -- 00:00:14.461 You can find our update call presentation on the IR website. 00:00:15.525 -- 00:00:20.012 I'm going to start with a summary on our full year 2024 results, and I'll give you a 00:00:20.012 -- 00:00:25.120 strategic update and a few words on our exciting teamwork and 00:00:25.120 -- 00:00:30.170 collaboration with NVIDIA and Accenture. Then Christian's going to take you 00:00:30.170 -- 00:00:35.115 through the detailed Q4 financials as well as our outlook for 2025. 00:00:35.115 -- 00:00:36.517 I'll 00:00:36.517 -- 00:00:41.202 be back with the key takeaways and we'll open the line for your questions and look forward 00:00:41.202 -- 00:00:43.302 to that. 00:00:44.705 -- 00:00:47.508 So starting on page three together, 00:00:47.508 -- 00:00:53.054 group order intake was 10.3 billion euros, representing a 5% decline 00:00:53.054 -- 00:00:57.954 compared to the prior year. and reflects the subdued markets in both operating segments 00:00:57.954 -- 00:01:00.916 during 2024. Revenue 00:01:00.919 -- 00:01:06.307 was a record at 11.5 billion euros. Adjusted EBIT 00:01:06.307 -- 00:01:11.314 increased 16% to the record level of 917 00:01:11.314 -- 00:01:16.462 million euros, with the adjusted EBIT margin improving 110 basis 00:01:16.462 -- 00:01:21.630 points to be 8% in the full year 2024. The 00:01:21.630 -- 00:01:27.249 improvement was driven by improvements in both operating segments. 00:01:27.249 -- 00:01:32.274 Free cash flow was 702 million euros, slightly below 00:01:32.274 -- 00:01:37.538 last year, but exceeded our capital market expectations. 0...