Earnings Call Summary | LiveWire Group(LVWR.US) Q4 2023 Earnings Conference
Earnings Call Summary | LiveWire Group(LVWR.US) Q4 2023 Earnings Conference
The following is a summary of the LiveWire Group, Inc. (LVWR) Q4 2023 Earnings Call Transcript:
以下是LiveWire Group, Inc.（LVWR）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
In Q4 2023, LiveWire saw a meaningful per unit profitability increase and an operating income margin growth to 13.6% due to a strong focus on pricing and mix.
Despite a slight reduction in revenue for the year due to challenges and currency headwinds, the company recorded only a 1% decline.
Retail performance for Q4 was lower by 11% compared to the previous year, but higher global wholesales were reported.
For Q4, LiveWire's consolidated revenue dropped 8% compared to the previous year, with a net operating loss of $21 million, compared to the operating income of $4 million in Q4 2022.
Overall, there was a 1% rise in total consolidated revenue for 2023 compared to the previous year, but operating income was 14% less and earnings per share dropped slightly.
HDMC worldwide motorcycle shipments dropped by 13% in Q4 2023, and revenues decreased by 14% due to reduced volumes.
在2023年第四季度，由於高度關注定價和組合，LiveWire的單位盈利能力大幅提高，營業收入利潤率增長至13.6％。
儘管由於挑戰和貨幣不利因素，該年度的收入略有下降，但該公司僅下降了1％。
第四季度的零售業績與去年同期相比下降了11％，但據報道，全球批發量有所增加。
第四季度，LiveWire的合併收入與去年同期相比下降了8％，淨營業虧損爲2100萬美元，而2022年第四季度的營業收入爲400萬美元。
總體而言，與去年相比，2023年的合併總收入增長了1％，但營業收入減少了14％，每股收益略有下降。
HDMC的全球摩托車出貨量在2023年第四季度下降了13％，由於銷量減少，收入下降了14％。
Business Progress:
業務進展：
With plans for an aggressive shipment schedule for their new touring offering in Q1 and partnerships with Hero MotoCorp progressing well, LiveWire aims to continue its market leadership in touring and large cruiser categories.
The company invests heavily in enhancing the customer experience, with a focus on transforming omnichannel capabilities and post-purchase customer journey, with their online platform, HD1 marketplace, leading in its category.
Future plans include the launch of Grand American Touring category, aggressive efforts in driving down product costs, cautious inventory management, and matching retail with wholesale momentum in 2024.
LiveWire continues to pioneer the EV segment with the S2 platform, diversifying their brand by running LiveWire and Harley-Davidson separately.
The Hardwire strategy aims to eliminate $400 million of incremental supply chain costs by delivering around $100 million in cost productivity for 2024.
The company plans to continue its capital allocation strategy including investment in product development, capability enhancement, dividend payouts, share buybacks, and is considering share buybacks throughout 2023 to reduce their share count.
LiveWire的目標是繼續保持其在旅行和大型巡洋艦類別中的市場領先地位，計劃在第一季度推出新的旅行產品，並且與Hero MotoCorp的合作伙伴關係進展順利。
該公司在增強客戶體驗方面進行了大量投資，重點是轉變全渠道能力和購買後的客戶旅程，其在線平台HD1 marketplace在同類產品中處於領先地位。
未來的計劃包括推出Grand American Touring類別，積極努力降低產品成本，謹慎的庫存管理，以及在2024年使零售與批發勢頭相匹配。
LiveWire繼續通過S2平台開拓電動汽車領域，通過分別運營LiveWire和哈雷戴維森來實現品牌多元化。
Hardwire戰略旨在通過在2024年實現約1億美元的成本生產率來消除4億美元的增量供應鏈成本。
該公司計劃繼續其資本配置戰略，包括投資產品開發、能力增強、股息支付、股票回購，並正在考慮在2023年全年進行股票回購以減少股票數量。
More details: LiveWire Group IR
更多詳情： LiveWire 集團投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。