Earnings Call Summary | UMICORE(UMICF.US) Q4 2023 Earnings Conference
Earnings Call Summary | UMICORE(UMICF.US) Q4 2023 Earnings Conference
The following is a summary of the Umicore SA (UMICF) Q4 2023 Earnings Call Transcript:
以下是 Umicore SA (UMICF) 2023 年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Umicore reported annual revenues of EUR 3.9 billion in 2023, a 7% drop due to declining PGM prices and lower non-recurring lithium margin effects.
Despite the decrease in revenues, the company remained profitable with a 25% EBITDA margin and amplified its cash conversion rate from 73% to 125%.
Adjusted EBITDA stood at EUR 972 million, reflecting a decrease from the previous year.
The company generated an adjusted net profit of EUR 447 million leading to an adjusted EPS of EUR 1.86.
Umicore's net financial debt was EUR 1.3 billion, resulting in a leverage ratio of 1.3x relative to adjusted EBITDA over the last 12 months.
Umicore報告稱，2023年的年收入爲39億歐元，下降了7％，這是由於PGM價格下跌以及非經常性鋰利潤率的降低。
儘管收入下降，但該公司仍保持盈利，息稅折舊攤銷前利潤率爲25％，並將現金轉化率從73％提高到125％。
調整後的息稅折舊攤銷前利潤爲9.72億歐元，比上年有所下降。
該公司調整後的淨利潤爲4.47億歐元，調整後的每股收益爲1.86歐元。
優美科的淨金融負債爲13億歐元，在過去12個月中，槓桿率是調整後的息稅折舊攤銷前利潤的1.3倍。
Business Progress:
業務進展：
Umicore prepared for a major expansion in battery materials volume, anticipated to commence from 2024.
The company continued its commitment to sustainability by increasing renewable energy use to 41%, up from 35% in the previous year.
The company anticipates a revenue of EUR 575-675 million in the Battery Materials group for 2024.
Umicore projects an EBITDA between EUR 900 million to EUR 950 million for the full year of 2024 and expects an EBITDA margin larger than 25%.
The company is expanding into China with a focus on EVs, backed by strong order books and risk-mitigating take-or-pay contracts.
Over 350 initiatives have been identified to boost efficiency across the business segments, promising an EBITDA impact of EUR 70 million in 2024 and over EUR 100 million from 2025.
Umicore plans to invest around EUR 3.8 billion in capital expenditures for the period 2022-2026.
優美科爲電池材料產量的重大擴張做準備，預計將從2024年開始。
該公司繼續致力於可持續發展，將可再生能源的使用量從去年的35％提高到41％。
該公司預計，電池材料集團2024年的收入爲5.75億至6.75億歐元。
優美科預計，2024年全年息稅折舊攤銷前利潤在9億歐元至9.5億歐元之間，預計息稅折舊攤銷前利潤率將超過25％。
在強勁的訂單量和減輕風險的接受或付款合同的支持下，該公司正在向中國擴張，重點是電動汽車。
已經確定了350多項旨在提高各業務部門效率的舉措，有望在2024年實現7,000萬歐元的息稅折舊攤銷前利潤影響，從2025年起將超過1億歐元。
優美科計劃在2022-2026年期間投資約38億歐元的資本支出。
More details: UMICORE IR
更多詳情： UMICORE AIR
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譯文內容由第三人軟體翻譯。