Full Year 2024 Genus PLC Earnings Call Transcript

Sep 05, 2024 / NTS GMT
Jorgen Kokke - Genus PLC - Chief Executive Officer, Executive Director

Good morning, everyone. Thank you for joining us. My name is Jorgen Kokke, and I am the CEO of Genus. In this presentation, Alison Henriksen, our CFO, and I will take you through Genus' preliminary results for the year ended 30 June 2024.

In summary, I'd say we achieved considerable progress in structurally strengthening Genus, despite the challenging trading conditions. Let me start with an overview and some of our key financial headlines. Here are my four strategic priorities, which I outlined last year and which have remained unchanged. I'm very pleased with the actions taken to position Genus for profit growth going forward.

Firstly, we are driving continued growth in porcine and building a more stable business in China. In FY24, PIC, excluding China, continued to grow, particularly in the second half of the year. And it is encouraging to see PIC Europe makes such good market share gains.

In China, our commercial strategy to focus on the royalty model has resulted in us winning 13 new royalty customers in

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