2024-02-06 14:50:04 ET
Demant A/S (WILLF)
Q4 2023 Earnings Conference Call
February 6, 2024 08:00 ET
Company Participants
Søren Nielsen - President and Chief Executive Officer
René Schneider - Chief Financial Officer
Peter Pudselykke - Investor Relations
Mathias Holten Møller - Investor Relations
Conference Call Participants
Hassan Al-Wakeel - Barclays
Maja Pataki - Kepler Cheuvreux
Martin Brenoe - Nordea
Veronika Dubajova - Citi
Christian Ryom - Danske Bank
Oliver Metzger - ODDO BHF
Niels Granholm-Leth - Carnegie
Presentation
Mathias Holten Møller
Good afternoon, everyone. Welcome to our conference call, which we host in connection with the publication of a couple of announcements yesterday and this morning regarding the Annual Report for ‘23, but also our decision to undertake a review of strategic options for the communications business. We will run through our presentation as always and then switch to Q&A. The presentation is on our website and we plan for this call to last no more than 1 hour including the Q&A session. We are Søren Nielsen, President and CEO; René Schneider, CFO, and then the IR team, represented by Peter Pudselykke and myself, Mathias Holten Møller. Over to you, Søren.
Søren Nielsen
Thank you very much, Mathias and welcome everybody. We will go through classical highlights and key events in the ‘23, speak a little more into the different business areas in the hearing healthcare area, speak to communication, René will walk us through group financial review, and I’ll take the outlook and then we’ll go to Q&A.
Financial highlights of 2023 was the strong year 14% reported growth, 12% organic and really solid and broad based in the business uplift of gross profit, small dilution of the gross margin primarily driven by communications, sell-out of gaming equipment at low pricing, uplift to EBIT, significant uplift to EBIT, and of course, also margin, very strong free cash flow and with that followed a normalization of our gearing multiples and restart of share buyback program....
Read the full article on Seeking Alpha
For further details see:
Demant A/S (WILLF) Q4 2023 Earnings Call Transcript