D’Ieteren Group SA (OTCPK:SIETY) Q4 2024 Results Conference Call March 10, 2025 1:30 PM ET
Company Participants
Francis Deprez – CEO
Edouard Janssen – CFO
Conference Call Participants
David Vagman – ING
Michiel Declercq – KBC Securities
Alexander Craeymeersch – Kepler Cheuvreux
Kris Kippers – Degroof Petercam
Jeremy Kincaid – Van Lanschot Kempen
Operator
Ladies and gentlemen welcome to the D’Ieteren Group 2024 Full Year Results Conference Call. Throughout the call, all participants will be in a listen-only mode. Afterwards, there will be a question-and-answer session. Please note, this call is being recorded.
Today, I am pleased to present Francis Deprez, CEO; and Edouard Janssen, CFO. Gentlemen, please go ahead.
Francis Deprez
Thank you and good evening to everyone. Welcome to the publication of our results of 2024. I suggest we just go into the key messages right away. We have three key messages for you tonight. One is that, we’ve delivered another strong set of results in 2024, both in our adjusted profit before tax Group share, where we’ve increased with 9.6% or even 12.7% if you take it at constant-currency and excluding the additional financial charges at Belron and Corporate segment that were linked to the transaction of last year. But also, in the free cash flow group share, we increased to 22.2%, reaching a number above EUR740 million. That’s message number one.
Message number two is that, our guidance for 2025 is that, we expect a slight increase in our adjusted profit before tax group share on a comparable financing perimeter in both years. And that is because we do expect the operational performance of most of our businesses to continue to improve throughout the year. And the third message is that, we have repaid or reimbursed actually EUR250 million of the EUR500 million bridge loan at the Group level today, and that
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