Call Start: 04:00 January 1, 0000 5:22 AM ET
Mobico Group Plc (OTCPK:NXPGF)
Q4 2024 Earnings Conference Call
April 29, 2025, 4:00 AM ET
Company Participants
Jose Ignacio Garat – Group Chief Executive Officer
Helen Cowing – Group Chief Financial Officer
Phil White – Executive Chairman
Conference Call Participants
Gerald Khoo – Panmure Liberum
Othmane Bricha – Bank of America
Joe Thomas – HSBC
Ruairi Cullinane – RBC
Alex Paterson – Peel Hunt
Jose Ignacio Garat
Good morning. And welcome to today’s meeting, which is the last time I will be presenting Mobico results to you. Thank you for taking the time to join us for 2024 Full Year Results. Firstly, I would like to start by thanking you for your patience over the recent months. We appreciate that it has been some time since we last provided an update.
As we go through this morning’s presentation, I hope that you will appreciate why the process has again been longer than anticipated, with later conclusion of the audit due to complexities within the results.
Overall, you will see that Mobico is continuing along a path to recovery, delivering on our commitments and making some important operational and commercial gains along the way. There are some areas where despite the relentless focus, we have not progressed as planned, as it is the case with the closing of Germany PTAs negotiation. We’ll talk about this during the presentation. Helen will shortly talk more about continuing our focus on cash and our absolute commitment to the production. But before I hand over to Helen, I would like to share our key messages from the 2024 results.
Firstly, another record performance from ALSA and for the growth from WeDriveU has driven continued revenue growth for the Group, with pricing being the key contributing factor in that
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