Christian Schmalzer
Chief Executive Officer
Replay available
Sto SE & Co. KGaA (0G5B) Q1 2024 Earnings Call
Sto SE & Co. KGaA (LSE: 0G5B) Q1 2024 earnings conference call, held 2024-05-08. Replay captured from the company's public earnings webcast.
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Christopher Johan
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Julian Rock
Analyst, Barclays
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Sto Se & Co. Kgaa Vorz-inhaber-akt Ohne Stimmrecht.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.906 Conference must not be recorded for publication or broadcast. 00:00:04.906 -- 00:00:09.299 At this time, it's my pleasure to hand over to Christian Schmalzer. 00:00:09.299 -- 00:00:11.881 Please go ahead, sir. 00:00:12.873 -- 00:00:18.441 Dear ladies and gentlemen, panelists, let me welcome you to our call on our Q1 2024 00:00:18.441 -- 00:00:23.028 results. I will start into our presentation with a brief overview of the key figures 00:00:23.028 -- 00:00:27.435 for the first three months, followed by comments on strategic topics we want to highlight 00:00:27.435 -- 00:00:30.760 and what trends and developments we see at the moment. 00:00:30.760 -- 00:00:35.587 Henning will then comment on the developments and effects of our Q1 figures in more detail. 00:00:35.587 -- 00:00:39.413 This will be followed by comments on what we expect for the second quarter and the rest 00:00:39.413 -- 00:00:45.710 of the year. As always, we are looking forward to your questions after our presentation. 00:00:45.710 -- 00:00:50.816 With that, let us start the call with a short overview of Q1 2024. 00:00:50.900 -- 00:00:55.509 In our comments on our prelims, we had already indicated that the strong developments 00:00:55.509 -- 00:01:00.057 at the end of last year should continue in the first quarter, particularly in the out 00:01:00.057 -- 00:01:05.894 of home segment. We were able to increase sales from 410 million to 453 00:01:05.894 -- 00:01:10.761 million euro, an increase of 11%. Organic 00:01:10.761 -- 00:01:16.048 growth for the same period was 9%. At the same time, adjusted EBITDA increased slightly 00:01:16.048 -- 00:01:21.096 better than sales at 12%. In addition to easing cost pressure and declining inflation, 00:01:21.096 -- 00:01:26.296 this ...