Q3 2024 Volati AB Earnings Call Transcript
Key Points
- Volati AB (FRA:VOG) achieved a strong organic growth of 15% in one of its platforms, with improved margins reaching 21% over the last 12 months.
- The SOIC group delivered a strong quarter with acquisition-driven growth of 5% and maintained margins in line with the previous year.
- The company has a solid cash conversion rate of 94% over the last 12 months, providing a strong foundation for future acquisitions.
- Volati AB (FRA:VOG) has grown its turnover by an average of 18% per year since 2018, demonstrating consistent long-term growth.
- The company has completed 24 acquisitions since 2020, showcasing its effective model for growth through acquisitions.
- Four out of six platforms were affected by a challenging market environment, impacting overall performance.
- The industry segment experienced a tough quarter with a significant drop in EBITA, primarily due to challenges in the agricultural and construction markets.
- The company's growth has been below its financial target of at least 15% since 2021, largely due to market-driven factors.
- Volati AB (FRA:VOG) does not expect rapid changes in the market environment in the short term, indicating continued challenges ahead.
- The company's return on adjusted equity came in at 15%, below its financial target, driven by lower growth during the year.
Good morning and welcome to today's presentation with, with us presenting today. We have the CEO of the Andreas Stenbäck and CFO, Martin Aronsson or so, we'll do a Q&A after the presentation, you can either type in your question using the form. Let's look to the right or if you're calling in like us a question, please press Star Nine to raise your hand and then star six to a mute. And with that said, I'll, I'll give the floor to you guys. Please go ahead with your presentation.
Thank you very much. And thank you for listening to this quarterly presentation and let's go directly into it. And just to start with the Q3 in brief, this is another quarter in line with last year, which of course leaves me with the feeling that one more. But I would say that we are doing a very good job in our platforms, given the circumstances that we're operating under. We saw a challenging market environment affecting four of our six platforms. But a very positive exception is that the category where we saw a strong organic growth with 15% of
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