Tessenderlo Group NV (OTCPK:TSDOF)

Full Year 2024 Tessenderlo Group NV Earnings Call Transcript

Mar 26, 2025 / 02:00 PM GMT

Release Date Price: $25.18

Transcript

Key Points

Positve

Tessenderlo Group NV (TSDOF) launched a new Rapier weaving machine, which was well-received at the ITA Asia show, indicating strong market interest.
The company opened a new liquid fertilizer plant in Helene, Holland, strengthening its market position and commitment to sustainability.
Tessenderlo Group NV (TSDOF) acquired a dry sulfur-based fertilizer company, expanding its product offerings and regional footprint in North America.
The construction of a new plant in Defiance, Ohio, is progressing well, promising improved logistics and customer service.
The company reported a high cash flow from operating activities amounting to 333 million, indicating strong operational performance.

Negative

Tessenderlo Group NV (TSDOF) faced a challenging year with a 9.6% decline in revenues compared to 2023.
The bio valorization segment suffered due to a dramatic collapse in selling prices for gelatin, collagens, fats, and proteins.
The company announced restructuring plans for its gelatin business, incurring estimated restructuring costs of about €40 million.
The industrial solutions segment experienced a downturn due to a lack of dynamism in the European construction market.
The machine and technology segment was negatively impacted by the global downturn in the textile industry.

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

TESB.BR - Tessenderlo Group NV
Full Year 2024 Tessenderlo Group NV Earnings Call
Mar 26, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and welcome everyone to the annual results webinar of the Sendola Group. I'm Bjornhas. I will be the moderator for this session.

Before we start with the presentations, I would like to share some prac practical info with you. We will first start with our, CEO Lutak and our CFO Miguel Porter, who will give the presentations. After the presentations, there will be an opportunity for our covering analysts, from ENG, KBC Securities, Kepler Cheuvvreu, Bang derof Peterkamm and Alpha Value to verbally ask questions. So if you're one of those. List, please raise your hand or put something in the Q&A box, if you want to, post some questions. And, after the analysts, we also have an opportunity for all the others to

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