Downer EDI Ltd (ASX:DOW)

A$ 5.75 -0.06 (-1.03%) Market Cap: 3.86 Bil Enterprise Value: 4.82 Bil PE Ratio: 55.82 PB Ratio: 1.85 GF Score: 72/100

Full Year 2024 Downer EDI Ltd Earnings Call Transcript

Aug 30, 2024 / 12:00AM GMT

Release Date Price: A$5.59 (+16.95%)

Transcript

Operator

Thank you for standing by, and welcome to the Downer Group 2024 full-year results call. (Operator Instructions)

I would now like to hand the conference over to Mr. Peter Tompkins, CEO. Please go ahead.

Peter Tompkins

Downer EDI Ltd - Chief Executive Officer, Managing Director, Executive Director

Thank you, Darcy. Good morning, and thank you for joining our 2024 full-year results presentation. With me is [Mal] Ashcroft, our CFO, and following the presentation, Mal and I will open the call up to questions.

The Downer advantage. It's important that I frame this result with some observations about Downer first. You'll have heard a lot about trading conditions throughout this reporting season and a broad range of mixed macro factors. For Downer, whilst we'll still call out some shorter-term challenges around the timing of some state government spending, the overall picture is that the infrastructure services markets we operate in have several key tailwinds that help Downer.

First, government outsourcing will continue driven by

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