Montana Aerospace AG (0AAI) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much and a warm welcome from my side, Michael Pistower, my name, co-CEO and CFO of Montana Aerospace. I will guide you together with my colleague, Kai Arndt, co-CEO of the company through today's earnings call for the first quarter 2024. We're very proud to present today's quarterly results and happy to answer any questions after the presentation. Let me directly jump into the key financial highlights of the first quarter 2024. And here you see that, again, we can probably present the growth within the most crucial KPIs, so like net sales and EBITDA or net income. And to start with net sales, here we have a growth in comparison to last year's first quarter of, again, double-digit 12%. to almost 400 million for the first quarter. And let me explain it like this. We had the growth exactly at the right areas, exactly there where we wanted it. And this is the reason when you have a look at the adjusted EBITDA, why we grew over proportionately on the adjusted EBITDA. Strong growth came, as you will see later in the details, in the segment aerospace mainly, followed by Energy in these areas where over-proportional EBITDA is also resulting, ending the first quarter with 38.2 million adjusted EBITDA or reflecting a growth of over 60% on a year-on-year change. Very proud and according also our guidance, a positive net income. We guided for 2024 on a positive income for the total year, but we show it in comparison to last year, also in the first quarter, and it's 2.7. It's a clear growth in comparison to the negative net income in 2023. Cap expense, more or less the same, I would say, level of what we had last year, absolutely in line with our guidance and the internal plans for 2024. It's set beside the... Capacity expansion in energy, all major CapEx projects ...