Financial Performance Highlights: Strong Q1 2024 Results
Key Metrics: Growth and Profitability
WEB Corp's financial performance in Q1 2024 demonstrated continued strength and growth. Underlying net profit from continuing operations reached 119 million, highlighting the company's operational efficiency. Additionally, Free Cash Flow 1 remained robust at 123 million.
Sales and Volume Impact
Net sales for Q1 2024 reached 1201 million, reflecting an organic decline of -119 compared to Q1 2023. However, this organic decline was offset by positive volume impact, marking the first time such impact has been observed in recent quarters.
Other Performance Indicators
ROCE (Return on Capital Employed) stood at 176 in Q2 2024, indicating efficient utilization of capital. Underlying Net Debt amounted to 16 billion, resulting in a leverage ratio of 15x.
Earnings Call Information
WEB's earnings call will be held on July 31st, 2024. The call will be hosted by CEO Philippe Kehren, CFO Alexandre Blum, and COO Lanny Duvall. Investors and analysts are encouraged to join the call for a detailed review of the company's financial performance and future outlook.
This presentation contains forward-looking information that is subject to risks and uncertainties.
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