Earnings Call Summary | LiveWire Group(LVWR.US) Q1 2024 Earnings Conference
Earnings Call Summary | LiveWire Group(LVWR.US) Q1 2024 Earnings Conference
The following is a summary of the LiveWire Group, Inc. (LVWR) Q1 2024 Earnings Call Transcript:
以下是LiveWire Group, Inc.(LVWR)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
LiveWire Group reported 6% growth in North America and an 86% increase in sales over Q1 2023 with 117 units sold.
Sales in Europe and APAC countries were softer due to macroeconomic factors, but expected to uplift with the new 2024 models.
Expected revenue and retail units for the remainder of the year show a potential flat to 9% increase, while an expected operating income margin of 12.6% to 13.6% matches or slightly declines from previous year.
Operating loss guidance is improved, with predictions of a $105 million to $115 million loss, revised from the original $115 million to $125 million loss.
Lower than expected operating leverage led to a reduction in HDMC gross margin, down to 31.2% from 35.8%.
The company is dealing with inflation impacts, and expects cost inflation around 2%.
LiveWire 集團報告稱,與2023年第一季度相比,北美的銷售額增長了6%,銷售額增長了86%,售出了117臺。
由於宏觀經濟因素,歐洲和亞太地區的銷量疲軟,但預計2024年新車型的推出將有所提高。
今年剩餘時間的預期收入和零售單位的增長可能持平至9%,而預期的營業收入利潤率爲12.6%至13.6%,與去年相比或略有下降。
營業虧損指導有所改進,預計虧損爲1.05億美元至1.15億美元,從最初的1.15億美元修訂爲1.25億美元。
低於預期的運營槓桿率導致HDMC毛利率從35.8%下降至31.2%。
該公司正在應對通貨膨脹的影響,預計成本通脹率約爲2%。
Business Progress:
業務進展:
LiveWire achieved market leadership in US on-road EV motorcycles, bolstered customer outreach via Flex Financing, and saw positive market responses to their new motorcycle models.
Operations are being consolidated to the historic Harley-Davidson headquarters in Milwaukee for increased efficiency, and a reduction in headcount and employee-related costs is projected for further savings.
Shareholder returns are planned to be optimized through share repurchases and dividend payments while planning innovative customer engagement events.
The company is confident that inventory from previous model years will be largely sold by end Q2 2024, and expects to follow the normal seasonality curve for losses.
Ongoing centralization and recently ratified union contracts provide stability for the next 5 years, echoing better alignment with union leadership and workforce.
LiveWire在美國公路電動摩托車領域佔據了市場領先地位,通過Flex Finance擴大了客戶群,並看到了市場對其新摩托車車型的積極回應。
爲了提高效率,正在將業務整合到歷史悠久的密爾沃基哈雷戴維森總部,預計將減少員工人數和員工相關成本,以進一步節省開支。
計劃通過股票回購和股息支付來優化股東回報,同時規劃創新的客戶參與活動。
該公司相信,到2024年第二季度末,前幾款車型的庫存將大部分售出,並預計虧損將遵循正常的季節性曲線。
持續的集中化和最近批准的工會合同爲未來五年提供了穩定性,這與工會領導層和員工隊伍的更好協調相呼應。
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。