Full Year 2024 Eurocell PLC Earnings Call Transcript

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Mar 20, 2025

Mar 20, 2025 / 09:00AM GMT
Darren Waters - Eurocell PLC - Chief Executive Officer

Thanks, Gavin, and welcome, everyone to Eurocell full-year 2024 results presentation. As I'm Darren Waters, CEO; and alongside me is Michael Scott, CFO. We're following the usual format for this morning's presentation including an update on our strategic initiatives plus an overview of Alunet, our recent acquisition.

So in terms of last year 2024 was another challenging year but I'm pleased to say a year of progress for Eurocell with adjusted profit before tax bang in line with expectations at GBP20 million. That's up to 32% versus 2023. Against the backdrop of the top market we delivered a robust sales performance with revenues down just 2% at GBP358 million. And this is down to the good early progress we've made with all of our customer growth initiatives and more detail on that later in our presentation.

We also delivered on our commitment to drive improved shareholder returns completing three share buybacks worth GBP15 million in total which reduced the number of shares in circulation from GBP112 million to GBP101 million. And in

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