Quarterly Outcomes for the Year 2024
In a recent announcement, the Swiss company has shared its Q4 and full-year 2024 financial highlights, showcasing a robust performance across various metrics.
The company's updated dividend policy has led to a proposed Dividend Per Share (DPS) of CHF 1.00. This move indicates the company's commitment to rewarding its shareholders.
The full-year gross margin stood at 19.4%, while Q4 gross margin was slightly lower at 19.2%. This consistent performance demonstrates the company's ability to maintain a healthy margin despite market fluctuations.
The Q4 operating income was €144 million, and net income was €73 million. These figures reflect a strong cash generation that resulted in an operating cash flow of +€707 million, free cash flow of +€563 million, and a 109% conversion ratio.
The company's full-year operating income was €541 million, and net income was €303 million. The end-of-year net debt was €2.5 billion, lower than management expectations. This reduction in net debt is a positive sign, indicating the company's financial health.
The end-24 net debt/EBITDA ratio was 2.8x, with a target of ≤ 1.5x net debt/EBITDA ratio by end-27. This target underscores the company's ambition to further improve its financial position.
The company experienced a 3% decrease in full-year revenues, with a 2% organic decline. However, it managed to secure a significant market share gain of +200 basis points, which is a noteworthy achievement.
Q4 revenues decreased by 5%, with a 3% organic decline. Two of the company's divisions, Akkodis and LHH, experienced a 6% and 3% decrease in revenues, respectively.
For those interested in more detailed financial metrics, such as EBITA margin, precise earnings per share, market share changes, and cash flow, it is recommended to refer to the company's full quarterly or annual earnings report or SEC filings.
For investor relations enquiries, contact investor.relations@our website. For media-related inquiries, contact the Press Office at 41 (0)44 878 87 87 or via email at media@our website.
The company's proposed Dividend Per Share (DPS) of CHF 1.00 and the robust financial performance as shown by the strong cash generation and lower net debt are testament to the business's commitment to shareholders and financial health. In light of the financial highlights, interested individuals can refer to the company's full quarterly or annual earnings report or SEC filings for more detailed metrics, while investor relations enquiries can be directed to investor.relations@our website, and media-related inquiries to media@our website.
