Benchmark Holdings PLC (OSL:BMK)
kr 3.36 (0%) Market Cap: 2.53 Bil Enterprise Value: 798.56 Mil PE Ratio: 3.99 PB Ratio: 0.62 GF Score: 36/100
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Full Year 2024 Benchmark Holdings PLC Earnings Call Transcript

Dec 12, 2024 / 11:00 AM GMT
Release Date Price: kr5.05

Key Points

Positve
  • Benchmark Holdings PLC (BHCCF) has concluded a strategic review and signed an agreement to sell its genetics business to Novo Holdings, which is expected to strengthen the company's financial position.
  • The sale of the genetics business will allow Benchmark Holdings PLC (BHCCF) to pay down expensive debt and return significant capital to shareholders.
  • The company has managed to reduce operating costs by 15% throughout the year, demonstrating effective cost management.
  • Advanced Nutrition showed resilience with a 5% growth in constant exchange rate despite challenging market conditions in the shrimp industry.
  • The health business has been restructured to be less capital-intensive, positioning it to be profitable and cash positive going forward.
Negative
  • Benchmark Holdings PLC (BHCCF) experienced a 7% reduction in total group revenue in constant exchange rate compared to the previous financial year.
  • The health business saw a 41% decline in revenues due to restructuring and exiting certain platforms, impacting overall financial performance.
  • The company reported an operating loss for the year, partly due to impairments totaling 15.3 million.
  • Gross profit in the nutrition business fell by 11% due to lower quality artemia inventory, affecting margins.
  • The company faced market headwinds in significant parts of its business, particularly in the shrimp market, impacting sales and profitability.


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

BMKB.L - Benchmark Holdings PLC
Full Year 2024 Benchmark Holdings PLC Earnings Call
Dec 12, 2024 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning to all of you and welcome to this year end presentation for benchmark. I am to Rickson and as usual, I'm here to get with our CFO Septima acquire and we are going to take you through the financial and operational results for the full year, but also the last quarter of our financial year '24.

And we are following the normal program starting with the highlights and moving over to more granularity on the business areas. Septima will go through the financials in detail before we end with sharing our view on the outlooks for the company from where we stand today and in the quarters and the time that we have ahead at the end of course, there will be an opportunity for Q&A as usual, but start off with the
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