Aug 16, 2024 / 12:30AM GMT
Matthew Sandblom - 3P Learning Ltd - Executive Chairman of the Board
Welcome to 3PL's full year results presentation for the financial year 2024. I'm Matthew Sandblom, Executive Chairman. And for today's presentation, I'm joined by CEO, Jose Palmero, and CFO, Anton Clowes.
Reviewing the 2023-24 financial year overall, I'm pleased to report that we delivered some significant product releases that will position us well for future growth. While at the same time, we maintained tight cost control. However, sales growth in the schools market was hard to achieve, especially in North America. So we have delivered $110 million in sales and $12 million in EBITDA. These results are just under the lower end of our previous guidance of $112 million and $115 million for revenue and $13 million to $15 million for underlying EBITDA.
We achieved modest growth in the direct-to-consumer B2C part of the business in '23-'24 as well as a good increase in the gross margins due to very tight cost control. This is a good result in face of a very tight consumer spending as parents were buffeted by high mortgage
Full Year 2024 3P Learning Ltd Earnings Call Transcript
Aug 16, 2024
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