Quest Holdings SA (ATH:QUEST)

Q3 2024 Quest Holdings SA Earnings Call Transcript

Nov 21, 2024 / 01:30 PM GMT

Release Date Price: €5.56 (-0.71%)

Transcript

Key Points

Positve

Quest Holdings SA (STU:9IVA) reported a 12% increase in total consolidated revenues, reaching approximately EUR 926 million compared to the previous year.
The IT services sector, primarily Uni Systems, showed a 20% improvement in sales, with earnings before tax growing by 9.7%.
The company successfully integrated two additional companies, ITT Romania and another, contributing positively to the financial performance.
Quest Holdings SA's commercial activity segment grew by roughly 11% in sales, despite a challenging market environment.
The company maintains a solid cash position with over EUR 300 million in cash and available credit lines, supporting planned growth investments.

Negative

The decrease in Apple products' gross margin due to a new distribution agreement negatively impacted EBITA levels.
The absence of government support for climate device replacement led to a substantial market decline in the climate sector.
Instability in sea transportation costs and delivery delays, primarily due to conflicts in the Suez Canal area, posed challenges.
Increased depreciation from new investments and higher working capital needs affected financial performance.
The commercial activity segment experienced a marginal 2% decrease in earnings before tax, influenced by rising interest rates and depreciation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IQTr.AT - Quest Holdings SA
Q3 2024 Quest Holdings SA Earnings Call
Nov 21, 2024 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Vasili. Your course call operator, welcome. And thank you for joining the Quest Holdings conference call and live webcast to present and discuss the nine months 2024 financial results. At this time, I would like to turn the conference over to Quest Holdings Management. Gentlemen, you may now proceed.

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Unidentified_2 [2]
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Welcome. Ladies and gentlemen, my name is Alexandros Rusta. I'm the Investor Relations Officer of Quest Holdings. And as usually, I'm sitting here with our CEO Mr Apostolo Jorgan, this and

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