Q3 2024 Romi SA Earnings Call (English, Portuguese) Transcript
Key Points
- Romi SA (BSP:ROMI3) achieved a 15.3% increase in incoming orders compared to the third quarter of 2023.
- The order backlog is 36% higher than last year, indicating a strong recovery in the domestic market.
- The company has successfully consolidated its machine rental business, contributing significantly to revenue growth.
- Romi SA's participation in international trade fairs has enhanced its market presence and potential for future orders.
- The company is developing parts for a new client in the energy industry, which presents promising prospects for future growth.
- EBITDA margin decreased from 12.1% to 8.9% due to higher operating expenses and lower revenue volumes.
- Net income and net margin have declined, with margins dropping from 8.2% to 5.1% in the third quarter of 2024.
- The agricultural machinery sector has reduced production volumes, impacting demand for rough and machine cast iron parts.
- The foreign market, particularly Europe, has seen a reduction in share, affecting overall revenue distribution.
- Cash flow consumption increased due to the need for capital to complete BMW projects, impacting short-term liquidity.
Good morning and welcome to the Rome conference call where we will discuss the results for the third quarter of 2024. This conference call is exclusively for investors and finance professionals.
All the statements that may be made during this conference call regarding the company's business outlook, projections and operational and financial goals are merely forecasts based on management's expectations regarding the future of the company. These expectations are highly dependent on market conditions, the general economic performance of the country, the industry and international markets and are therefore subject to change. It shall be noticed that this conference call is being recorded and held in Portuguese with simultaneous interpretation into English accompanied by the slides available in the results centre of our investor relations website at www.rome.com/investors.
During the presentation, all participants will be connected as listeners only. We will then begin the Q&A session to ask a question, type it along
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