Half Year 2024 Siegfried Holding AG Earnings Call Transcript
Key Points
- Siegfried Holding AG (XSWX:SFZN) reported a 3.5% increase in net sales in local currencies for the first half of 2024.
- The company achieved a 60 basis point increase in core EBITDA margin, reaching 21.3%.
- Core net profit rose by over 20% to CHF 71.7 million, demonstrating strong profitability growth.
- Siegfried Holding AG successfully acquired an early-phase CDMO in the US, expanding its capabilities and market reach.
- The company maintained a strong operating cash flow, supporting further investment in growth opportunities.
- Siegfried Holding AG faced significant headwinds, including the phasing out of a major vaccines business.
- The company experienced a mid-double-digit destocking effect, impacting sales for 2023 and 2024.
- Currency headwinds are expected to slightly impact the full-year results, estimated to be below 1%.
- Portfolio optimization efforts led to a conscious sacrifice of mid-teens million Swiss francs in sales from tail-end products.
- The company anticipates continued destocking effects into the second half of 2024 and possibly early 2025.
Good morning. Welcome to the presentation of our half-year results 2024. I'm together with Reto Suter, our CEO ad interim and CFO. My name is Peter Stierli, I'm the Head of Communications. Reto will first present you the numbers and then a few slides on our priorities for the rest of the year and beyond.
At the end, as always, we will have a Q&A session. You will be able to ask your questions through audio, video call or you can already now type your question into the text field. This webcast is scheduled for 45 minutes and is about to end at 10:45. Please note that we will record it.
So Reto, let's get into it.
Thank you very much, Peter. Good morning and welcome to you all. Thank you very much for joining in today. It's going to be me presenting. Marcel will start in his new role as the CEO on September 1, so in about a week from now.
But I know
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
