Full Year 2024 Bodycote PLC Earnings Call Transcript

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Mar 14, 2025

Mar 14, 2025 / 09:30AM GMT
Jim Fairbairn - Bodycote PLC - Group Chief Executive, Executive Director

Good morning, and welcome to Bodycote's 2024 full-year results. I'm Jim Fairbairn, CEO; and with me is our CFO, Ben Fidler. So I'll kick off today with a summary. Ben will then take you through the full year in more detail, and I'll come back and take you through some of the strategic progress we're making and our outlook for the year.

I'm very proud of how we performed in '24 in difficult markets. It was a tough trading year, but we delivered. In terms of progress, I'm particularly pleased of the margin improvement that we've managed to pull through. We've improved our business mix, flexed our cost base and grown in key markets.

Last year was also a significant year for the business in terms of strategic progress. We completed a full review of the strategy. We presented a capital markets event with five medium-term financial targets and a further four related to sustainability.

We created two leading divisions with clear strategies. We have three company-wide strategic levers, optimize, perform and grow,

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