Fuchs SE (FUPBY) Q4 2024 Earnings Call Transcript

2025-03-21 13:31:04 ET

Fuchs SE (FUPBY)

Q4 2024 Results Conference Call

March 21, 2025 07:00 AM ET

Company Participants

Lutz Ackermann - Head, Investor Relations

Stefan Fuchs - Chief Executive Officer

Isabelle Adelt - Chief Financial Officer

Conference Call Participants

Matthew Yates - Bank of America

Martin Roediger - Kepler Cheuvreux

Lars Vom Cleff - Deutsche Bank AG

Michael Schaefer - ODDO BHF

Konstantin Wiechert - Baader Helvea

Oliver Schwarz - Warburg Research

Presentation

Lutz Ackermann

Yes. Good afternoon, ladies and gentlemen. This is Lutz Ackermann speaking. On behalf of Fuchs SE, I wish you a very warm welcome to today's conference call on the fiscal year release. With me on the call today is Stefan Fuchs, CEO of Fuchs SE; and Isabelle Adelt, CFO of Fuchs SE.

As always, Stefan and Isabelle will run you through the presentation. And afterwards, we will have a Q&A session. All the documents for the call, you can find on the IR section of our home page since 7 a.m. this morning.

And yes, having said this, I would like to turn it over to Stefan. Stefan, please go ahead.

Stefan Fuchs

Hi to all of you. Here is Stefan. We can't see us, but I think I know all of you very well. I -- we are very happy to present you the 2024 numbers in all detail later. Isabelle will do that. But I must say we had really a great year in very difficult times. We have announced an outlook exactly 12 months ago, and we made that outlook. And if you look at the cash flow even succeeded what we anticipated because we had a very good conversion of net profit into cash flow.

And due to the share buyback and our increased EBIT, we have a 10% growth in earnings per share. I think that makes us happy. And we also think in the current times that aiming for another record result in 2025 is also a pretty good outlook. I would like to go with you through mainly 3 parts of my presentation.

To start with, I want to go give you again one more time to the organizational changes. We have announced on March 7. And you know about them. First of all, we have a Board with 5 Board members, and it will stay the same in the future. You have a CEO then you have got 2 colleagues representing the regions and our sales divisions, that's Timo, he's also my Deputy and Ralph. And then we have 2 functional Board members, it's Isabelle as the CFO, including IT and is Sebastian as the CTO, and that will also remain in the future....

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