KDSKF - DSM-Firmenich AG (KDSKF) Q1 2024 Earnings Call Transcript
2024-05-04 15:20:06 ET
DSM-Firmenich AG (KDSKF)
Q1 2024 Earnings Conference Call
May 2, 2024 03:00 ET
Company Participants
Dave Huizing - Head of Investor Relations
Ralf Schmeitz - Chief Financial Officer
Conference Call Participants
Charles Eden - UBS
Lisa De Neve - Morgan Stanley
Matthew Yates - Bank of America
Isha Sharma - Stifel
Alex Sloane - Barclays
Nicola Tang - BNP Paribas
Artem Chubarov - Redburn Atlantic
Presentation
Dave Huizing
Good morning and thank you for joining today's call. I'm sitting here in our new Maastricht offices with Ralf Schmeitz, our Chief Financial Officer. We published this morning our first quarter trading update, together with a short presentation to investors which you can find both on our website. You can also find our disclaimers about forward-looking statements.
Ralf will start by making some introductory comments on our trading update before we will open the line for questions. We've planned today for about 45 minutes for this call, realizing, of course, that for everybody, this is going to be a very busy earnings day. Sell-side analysts who want to ask questions, as usual, have to register via the questionnaire’s link which they can find on the website. It’s the same as we always do; so for those who are familiar with it, it’s the same procedure, yes. By the way those who have not done it, can still do it.
And with that, let me hand it over to Ralf. Ralf, go ahead.
Ralf Schmeitz
Well, good morning and thank you, Dave. And welcome to all on what appears to be a beautiful day at least here in the Netherlands. A pleasure that you're taking the time this morning to spend some time with us. It's a bit shorter call, as Dave alluded to. It's a trading update, so we want to just give you our perspective on how the business is doing. And at the same time, we're gearing up for Capital Markets Day which is just only a couple of weeks away and I look forward to seeing many of you on that day.
Now as said, the purpose of today's call is a trading update. So let's look at how our Q1 results have developed. And let me first zoom out before we go into the businesses. So overall, we had a very good start to the year. We saw the business overall return back to growth after a somewhat difficult 2023. That's very encouraging. But what's even more encouraging is the good sequential step-up both in absolute EBITDA and EBITDA margin. And that is what we've been guiding you for and been managing towards, so we're very pleased to see that come through....
DSM-Firmenich AG (KDSKF) Q1 2024 Earnings Call Transcript