2024-08-03 13:43:02 ET
Ontex Group NV (ONXXF)
Q2 2024 Earnings Call
July 31, 2024 06:00 ET
Company Participants
Geoff Raskin - Investor Relations
Gustavo Paz - Chief Executive Officer
Geert Peeters - Chief Financial Officer
Conference Call Participants
Charles Eden - UBS
Fernand de Boer - Degroof Petercam
Karel Zoete - Kepler Cheuvreux
Markus Schmitt - Oddo BHF
Rebecca Clements - Fidelity International
Presentation
Geoff Raskin
Good afternoon, everyone and thank you for joining us today. This is Geoff Raskin from IR. I’m pleased to have Gustavo, our CEO; and Geert Peeters, our CFO, with us today to present the first half year results.
Before that, let me remind you of the safe harbor regarding forward-looking statements. I will not read it out loud, but I will assume you will have duly noted it. You’re well aware that since 2022, our P&L is based on continuing operations, which consists of our core market activities only, while the emerging markets are reported as discontinued operations. We have already divested more than half of these, and we are working on strategic options for the remaining.
Meanwhile, these activities continue to contribute to our results and to the presented debt and cash flow figures, in particular. Please note that since the start of the year, we have changed the definition of free cash flow to reflect free cash flow after financing, and the operating savings in our EBITDA bridge to a net figure after subtraction of implementation costs.
With that cleared up, Gustavo, over to you.
Gustavo Paz
Thanks, Geoff. I’m proud of the Ontex teams with a consistent delivery in quarter two as in quarter one, allowing me to present strong first half results. This gives me confidence in delivering a strong year and brings us another step further on our transformation journey....
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Ontex Group NV (ONXXF) Q2 2024 Earnings Call Transcript