Q4 2024 Quest Holdings SA Earnings Call Transcript
Key Points
- Quest Holdings SA (FRA:9IVA) achieved record-breaking consolidated revenue, EBITDA, and earnings before tax in 2024.
- The acquisition of IQT Romania and Epafos positively impacted financial performance, contributing to the full 12-month results.
- The Apple retail chain expanded with three new stores, totaling 18 locations across Greece and Cyprus.
- The IT services sector saw a 13% increase in sales, driven by strong demand for digital transformation projects.
- Quest Holdings SA (FRA:9IVA) ended 2024 with a strong net cash position of EUR82 million, compared to net debt of EUR17 million in 2023.
- The company faced challenges such as geopolitical crises, supply chain disruptions, and high energy costs throughout 2024.
- The first quarter of 2024 was weak, with single-digit growth in sales and a drop in profitability.
- Apple wholesaling gross margins were reduced, impacting the overall EBITDA margin stability.
- The growth of the Postal Services sector was slower than expected due to a slower pace of e-commerce expansion.
- Capital expenditures were lower than initially budgeted due to delays, affecting planned investments.
Ladies and gentlemen, thank you for standing by. I am Gaily, your Chorus Call operator. Welcome and thank you for joining the Quest Holdings conference call and live webcast to present and discuss the full year 2024 financial results. At this time, I would like to turn the conference over to Quest Holdings management. Gentlemen, you may now proceed.
Welcome, ladies and gentlemen. My name is Alexandros Roustas, I'm the Investor Relations Officer of Quest Holdings. And as usual, I'm sitting here with our CEO, Mr. Apostolos Georgantzis; and our CFO, Mr. Markos Bitsakos.
Today, we are here to present you the 12 month period of 2024 financial results and answer your questions. Now we'll give the microphone to Mr. Markos Bitsakos for his opening remarks.
Good afternoon, ladies and gentlemen. I'm Markos Bitsakos, Quest Group Chief Financial Officer. One more interesting year came to a
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