Spectris PLC (CHIX:SXSl)

£ 39.64 -0.10 (-0.25%) Market Cap: 3.93 Bil Enterprise Value: 4.56 Bil PE Ratio: 17.14 PB Ratio: 2.83 GF Score: 78/100

Full Year 2024 Spectris PLC Earnings Call Transcript

Feb 28, 2025 / 08:00 AM GMT

Release Date Price: £28.72 (-0.42%)

Transcript

Key Points

Positve

Spectris PLC (SEPJF) reported a strong finish to 2024 with full-year profits slightly ahead of revised guidance.
The company maintained a strong track record on dividends, marking the thirty-fifth year of successive growth.
Spectris PLC (SEPJF) executed strategic acquisitions, strengthening its divisions and aligning with its ambition to be a global leader.
The company delivered a good cash performance with a cash conversion rate of 88%.
Spectris PLC (SEPJF) made significant progress towards its net zero goals, achieving a 22% reduction in scope 1 and 2 emissions.

Negative

Sales for the full year were down 7% on a like-for-like basis due to prolonged weakness across end markets.
The company experienced a 3% decrease in like-for-like order intake, reflecting subdued market conditions.
Spectris PLC (SEPJF) faced challenges with elevated costs of capital impacting customer CapEx and R&D expenditures.
The ERP system implementation incurred higher than expected costs, totaling 45 million pounds.
Net debt at the end of the year was 549 million pounds, with leverage at 2.3 times on a covenant basis.

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

SXS.L - Spectris PLC
Full Year 2024 Spectris PLC Earnings Call
Feb 28, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Well, good morning and hello everyone and thank you very much for joining us today, be that in the room or on the webcast, as we present our results for 2024 and also our outlook for 2025.

I'm very pleased today to be joined by Angela Noon, who became our CFO on the 1st of September and who has made a very quick impression, a very positive impact in the business.

So when I stood here a year ago, I have to say I expected 2024 to be another year of progress for Spectrus. We had delivered three years of double digit growth and despite all the normalization through 2023, which was very much in line with the market, we expected demand to pick up in the second half of last year.

Markets in 2024 remain subdued.

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