Full Year 2024 Gr Sarantis SA Earnings Call Transcript
Key Points
- Gr. Sarantis SA reported a strong revenue growth of 24% for 2024, with an organic growth of 9% excluding the acquisition of Stella Pack.
- The Beauty and Skincare category experienced significant growth, with a 10.4% increase in volume and 24.1% in net sales.
- The company achieved a 33% increase in EBITDA, reaching EUR 81.6 million, with an improved EBITDA margin of 13.6%.
- The proposed dividend payout for 2024 is EUR 20 million, a 33.3% increase from the previous year, reflecting a 43.5% payout ratio.
- Gr. Sarantis SA's international expansion, particularly in the skincare segment, showed promising results with a 12% sales growth and a 41% increase in EBIT.
- The Ukrainian market faced challenges, with no growth reported due to difficult market conditions, impacting the overall performance.
- Despite the overall revenue growth, the EBIT margin remained relatively flat at 37.7%, indicating potential pressure on profitability.
- The company anticipates a lower growth rate of 4.7% for 2025 compared to the 9% organic growth achieved in 2024.
- Increased CapEx for 2025 is planned at EUR 40 million, up from the initial plan of EUR 33 million, which may impact free cash flow.
- The integration of Stella Pack is ongoing, with some activities continuing into 2025, potentially delaying full synergy realization.
Ladies and gentlemen, thank you for standing by. I am Mina, your chorus call operator. Welcome and thank you for joining the Sarantis Group conference call and live webcast to present and discuss Sarantis Group full year 2024 financial results and 2025 business outlook.
At this time, I would like to turn the conference over to Mr. Ioannis Bouras, Group CEO; and Mr. Christos Varsos, Group Chief Financial Officer. Gentlemen, you may now proceed.
Hello, everyone and welcome to our [full year] results presentation. Thank you for joining the call today. And we can start the presentation by a few highlights around the 2024 year. So as a summary here, I would say that the year has characterized by a very strong growth and continuing the momentum from the previous year. Significant growth in terms of revenue by 24%. But for us also it's very important if we exclude Stella Pack to show that we have an organic growth
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