Full Year 2024 Avolta AG Earnings Call Transcript

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Mar 12, 2025

Mar 12, 2025 / 01:30PM GMT
Xavier Rossinyol - Avolta AG - Chief Executive Officer, Member of the Global Executive Committee

Good morning. Good afternoon. Thank you very much for everybody that is here physically in Zurich. Also, thank you for the people on the video call. Today, Yves Gerster, our CFO; myself, Xavier Rossinyol, CEO, we are going to present the full year results for Avolta 2024. I'm going to go straight to page number 4, where we have the highlights of the year.

The total turnover growth at constant exchange rate has been 8.9% last year. Organic growth of 6.3%. If we exclude the effect of Argentina -- that basically Argentina had especially good 2023 because of exchange rate. If we exclude Argentina, the organic growth on a comparable basis is 7.7% for 2024. Core EBITDA has increased faster than revenues, expanding the EBITDA margin by 40 basis points, from 9% in 2023 to 9.4% in 2024. Equity-free cash flow has reached CHF425 million, which is a 32% increase and almost 500 basis points of equity-free cash flow conversion.

All these numbers are in line or ahead of our own expectations and our own

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