Half Year 2024 FILA Fabbrica Italiana Lapis ed Affini SpA Earnings Call Transcript
Key Points
- FILA-Fabbrica Italiana Lapis ed Affini SpA (STU:3S0) reported strong cash flow generation, prioritizing this since acquiring Pacon in 2019.
- The company's Indian asset, DOMS, continues to perform spectacularly, with its share value tripling since its IPO.
- EBITDA margin improved significantly, growing from 19.1% last year to 21.3% this year.
- Net debt decreased by almost EUR100 million compared to a year ago, largely due to the cash-in from the IPO of DOMS.
- The company confirmed its guidance for 2024, expecting single-digit growth for EBITDA and free cash flow generation between EUR40 million and EUR50 million.
- The first quarter was negatively impacted by the introduction of SAP EWM in North America, causing delivery delays.
- Central and South America faced challenges due to the devaluation of the Argentinian peso.
- Despite improvements, the second quarter still experienced slight negative impacts from delivery delays at Dixon warehouses.
- The company's revenue in North America showed a contraction of 10.3% in sales for the first half of 2024.
- The devaluation of the Turkish lira negatively impacted the company's financial results.
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the FILA First Half 2024 Results Conference Call.
At this time, I would like to turn the conference over to Mr. Massimo Candela, Chief Executive Officer of FILA.
Good afternoon, everyone, and thanks for joining us on this call to present FILA first half results 2024. As you could appreciate, in the press release, we do confirm that we are satisfied with FILA Group performance, especially with what is concerned to profitability and cash flow generation, particularly this last one has become a priority since in late 2019, we acquired Pacon, and we reached, I remember, EUR570 million bank debt.
We clearly gave a full priority to the cash flow generation. I think we can clearly say that we are happy with the results that we are reaching. I would like to talk also for a moment about DOMS, our asset, Indian asset that continue to have a spectacular
| 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
