Begbies Traynor Group PLC (FRA:BTA)
€ 1.11 0.01 (0.91%) Market Cap: 189.90 Mil Enterprise Value: 208.01 Mil PE Ratio: 70.29 PB Ratio: 2.05 GF Score: 73/100

Half Year 2025 Begbies Traynor Group PLC Earnings Call Transcript

Dec 10, 2024 / 09:00 AM GMT
Release Date Price: €1.08

Key Points

Positve
  • Begbies Traynor Group PLC (FRA:BTA) reported a strong financial performance with a 16% increase in revenue to £76.3 million.
  • EBITDA increased by 20% to £15.3 million, reflecting robust operational efficiency.
  • The company announced an 8% increase in interim dividend, marking the eighth consecutive year of dividend growth.
  • There was a 7% organic growth in insolvency revenue, driven by higher value cases.
  • The property advisory division saw a 24% revenue growth, with 8% being organic, supported by increased auction volumes.
Negative
  • The property services division experienced a slight dip in margins to 16.6% due to normalized activity levels and increased investment costs.
  • Finance costs increased due to higher debt levels following share buybacks and IFRS 16 interest charges.
  • The company faces headwinds from increased employment costs, including national insurance rises.
  • There is a mismatch between buyer and seller expectations in the property market, leading to slower property sales.
  • The company has a modest net debt of £3.8 million, which, although low, indicates a slight increase from the previous year.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BEG.L - Begbies Traynor Group PLC
Half Year 2025 Begbies Traynor Group PLC Earnings Call
Dec 10, 2024 / 09:00AM GMT

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Presentation
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Welcome everybody to the BGB trainer H1 results. For those of you who don't know us, we're a leading UK advisory firm and we help clients and stakeholders maximize the value of their assets over the economic cycle. We have two divisions and five pillars of activity, business recovery, advisory, and corporate finance valuations, asset sales and property consultancy.

In terms of our turnover. Recently, 55% is business recovery, 15% advisor in corporate finance and the balance of 30% is made up of our valuations, asset sales and property consultancy sectors.

We have over 1,300 people with multiple offices across the UK and selected offshore locations, interacting with the local business community.
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