Ontex Group NV (FRA:OT7)

€ 7.95 -0.13 (-1.61%) Market Cap: 646.75 Mil Enterprise Value: 1.29 Bil PE Ratio: 9,999.00 PB Ratio: 0.70 GF Score: 66/100

Q2 2024 Ontex Group NV Earnings Call Transcript

Jul 31, 2024 / 01:30PM GMT

Release Date Price: €8.82 (+5.50%)

Transcript

Geoffroy Raskin

Ontex Group NV - Vice President - Investor Relations and Financial Communications

Good afternoon, everyone, and thank you for joining us today. This is Geoff Raskin from IR. I'm pleased to have Gustavo, our CEO; and Geert Peters, our CFO, with us today to present the first half-year results.

Before that, let me remind you of the Safe Harbor regarding forward-looking statements. I will not read it out loud, but I will assume you will have duly noted it. You're well aware that since 2022, our P&L is based on continuing operations, which consists of our core market activities only, while the emerging markets are reported as discontinued operations. We have already divested more than half of these, and we are working on strategic options for the remaining.

Meanwhile, these activities continue to contribute to our results and to the presented debt and cash flow figures in particular. Please note that since the start of the year, we have changed the definition of free cash flow to reflect free cash flow after financing and the operating savings in our EBITDA bridge to a

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