Vivopower International PLC (FRA:51J)
€ 2.6 -0.02 (-0.76%) Market Cap: 8.49 Mil Enterprise Value: 38.87 Mil PE Ratio: 0 PB Ratio: 0 GF Score: 29/100
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Half Year 2023 VivoPower International PLC Earnings Call Transcript

Feb 24, 2023 / 01:30PM GMT
Operator

Good day, and thank you for standing by, and welcome to the VivoPower International PLC fiscal year 2023 half-year earnings conference call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Kevin Chin.

Kevin Chin
VivoPower International PLC - Co-Founder & Executive Chairman

Good morning, ladies and gentlemen. Welcome to the VivoPower half-year results presentation for the period ended December 31, 2022. I'll take you firstly to page 3 of our presentation. The executive summary.

So, at a headline level, we made very good strategic progress during the half year. However, our results were affected by unseasonal weather and foreign exchange. Our revenue declined due to project timing and a decline in the Australian dollar versus the US dollar foreign exchange rate. So, our half-year revenue decreased 23% year-on-year to $8.7 million.

This is primarily attributable to timing of project execution with one

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