Full Year 2024 Peter Warren Automotive Holdings Ltd Earnings Call Transcript
Key Points
- Total revenue reached a record EUR2.5 billion, reflecting a 19.4% growth year-over-year.
- Strong cash generation with $112.6 million in cash from operations.
- Healthy financial position with low net debt and strong property assets valued at $226 million.
- Final dividend of $0.06 per share fully franked, bringing the full-year dividend to $0.145 per share.
- Successful integration of recent acquisitions, including MacArthur and Toyota dealerships, contributing to revenue growth.
- Gross profit reduction in existing business due to falling new car margins.
- Increased interest costs by $10 million, partly due to rising interest rates and higher inventories.
- Operating expenses increased by $8.9 million despite cost control efforts.
- New car margins continue to be under pressure due to increased vehicle supply and competition.
- Order bank has reduced by over a third from previous years, indicating potential future revenue challenges.
Good morning, everyone, and thank you for joining us to discuss Peter Warne, automotive colleagues 2024 financial results. My name is Paul on your interim Chief Executive Officer and joining me today is our Chief Financial Officer, Victor Castle. He will assist me in presenting our results. This presentation, along with the financial statements had been lodged with the ASX for your information and can be found on our website at w. www.highwoods.com.a. u.
On Slide 2 of today's pack, you will find our agenda. I will start with a summary of our results and to some views of the period ahead. We will then go into a more detailed review of our key areas of focus during the year and our progress against our long-term strategy. Victor will then provide further details on our activities during the year before taking you through our financial performance, including our cash flow before we conclude with an update on our outlook, we will be delighted to take any questions
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