Volution Group plc (FAN) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, brilliant, okay. Well, reassuring everybody found it to the right location. We were a little bit concerned this morning as we moved it. But look, welcome. Great to have you all here today. Quite an interesting... sort of set of results. This is 10 years, 10 full years listed. So a little bit of the theme for our presentation today will be about our sort of 10-year performance. But look, we're really great to be here today. It's probably not going to come as a surprise to you. We're going to do the usual sort of overview. I'll do that very quickly. Andy gets to do the interesting part on the financial review. But it is really an interesting part. There's so many sort of highlights to pick out. I'll come back on the business review, three geographic areas, and then at the end we'll talk about summary and outlook. But as I say, it's 10 years since we listed, I remember it, June 2014. It's scary how we've had 10 full financial years. But look, it's for us continuing to deliver strong compounding growth, and I'll come back to that in a little bit more detail. And there's absolutely no doubt that the wider market backdrop isn't particularly helpful. So we're particularly pleased about our results in that context. Our revenue growth in the year was 8% on a constant currency basis. Our adjusted operating profit up by nearly 12%, 11.7%. And adjusted earnings per share up by 8.5%. And look, our asset light but not under invested business model continues to deliver excellent cash generation, 107% cash generation in FY24, a 10 year average of 97%. And that's obviously hugely important for our strategy and our ongoing desire to further consolidate the market and make acquisitions. Coming on to that, we acquired only one small transaction in the year. That was DBS Proven Sys...