Earnings Call Summary | COVESTRO AG(CVVTF.US) Q1 2024 Earnings Conference
Earnings Call Summary | COVESTRO AG(CVVTF.US) Q1 2024 Earnings Conference
The Free Operating Cash Flow was negative at €129 million, slightly improved due to working capital management and lower CapEx.The following is a summary of the Covestro AG (CVVTF) Q1 2024 Earnings Call Transcript:
以下是科思創股份公司（CVVTF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Covestro reported Q1 2024 sales of €3.5 billion, a drop of 6.2% year-on-year due to lower prices and foreign exchange impacts.
The achieved EBITDA was at €273 million, despite stronger selling price declines and unfavorable industry supply-demand ratio.
The Free Operating Cash Flow was negative at €129 million, slightly improved due to working capital management and lower CapEx.
The company maintained a net debt-to-EBITDA ratio of 2.9 times with a four-quarter rolling EBITDA of €1.1 billion.
科思創報告稱，由於價格下跌和外匯影響，2024年第一季度銷售額爲35億歐元，同比下降6.2％。
儘管銷售價格下跌幅度更大，行業供需比率不利，但實現的息稅折舊攤銷前利潤仍爲2.73億歐元。
自由運營現金流爲負1.29億歐元，由於營運資金管理和資本支出降低，略有改善。
該公司將淨債務與息稅折舊攤銷前利潤的比率維持在2.9倍，第四季度的滾動息稅折舊攤銷前利潤爲11億歐元。
Business Progress:
業務進展：
Covestro anticipates a high single-digit percent volume increase for 2024.
The company confirmed full year EBITDA 2024 guidance between €1 billion and €1.6 billion.
The strategic CapEx budget of €800 million focusing on expansion projects and a new copolymer plant will enhance the business entity of engineering plastics.
Covestro is investing in TDI assets in Germany for cost-efficiency and capacity increase, expecting advantageous competitiveness against imports.
The upcoming Capital Markets Day on June 27, 2024, emphasizes Covestro's confidence in its business strategies.
科思創預計，2024年的銷量將實現高個位數的百分比增長。
該公司確認了2024年全年息稅折舊攤銷前利潤在10億歐元至16億歐元之間的預期。
8億歐元的戰略資本支出預算主要用於擴建項目和新的共聚物工廠，將增強工程塑料的業務實體。
科思創正在投資德國的TDI資產，以提高成本效益和產能，並期望在進口方面具有優勢競爭力。
即將到來的2024年6月27日資本市場日強調了科思創對其業務戰略的信心。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。