Full Year 2024 Morgan Advanced Materials PLC Earnings Call Transcript

Feb 28, 2025

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Feb 28, 2025 / 10:30AM GMT
Operator

Hello everyone, and thank you for joining the Morgan Advanced Materials, full year 2024 results. My name is Lucy, and I will be coordinating your call today. (Operator Instructions)

I will now hand over to Pete Raby, Chief Executive Officer, to begin. Please go ahead.

Pete Raby - Morgan Advanced Materials PLC - Chief Executive Officer, Executive Director

Thanks very much, Lucy. Good morning, everyone. I said, I'm Pete Raby, the Chief Executive of Morgan Advanced Materials. I'm joined on the call by Richard Armitage, our CFO. Welcome to our preliminary results call for 2024. I will start with a summary of the results. Richard will then take you through the financial position, and I'll then cover the segmental drivers, non-financial metrics, and the outlook.

In 2024, we delivered revenues of GBP1.1 billion, and organic revenue growth of 3.7% and 7.6% growth from our faster growing markets. In light of the trading conditions, we've accelerated our restructuring program, and we will now deliver run rate savings of GBP27 million a year from 2026

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