Fluence Corp Ltd (FRA:4SVE)
€ 0.036 -0.0155 (-30.1%) Market Cap: 46.64 Mil Enterprise Value: 50.61 Mil PE Ratio: 0 PB Ratio: 10.29 GF Score: 0/100
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Q3 2024 Fluence Corporation Ltd Earnings Call Transcript

Oct 30, 2024 / 10:30PM GMT
Release Date Price: €0.0435 (-4.40%)
Thomas Pokorsky
Fluence Corporation Ltd - Chief Executive Officer, Managing Director, Director

Good day, everyone. Welcome to our Q3 2024 business update call as the moderator stated, I am Tom Pokorski, the Fluence CEO and Managing Director. With me on the call today is Doug Brown, our Chairman of the board, as well as Ben Fash, our CFO.

By now, many of you have likely seen the update report we lodged with ASX. I'll make some brief comments about the year-to-date and then I'll turn over to Ben to comment on the details. Then we'll take questions.

So, our results for the year have primarily been negatively affected by project delays. The most significant of which is the Ivory Coast addendum work as well as a sluggish China market.

Despite the disappointing financial performance, we still remain encouraged that the core areas of our business are performing well and showing healthy growth. Last year, about the same time, we told you that we were going to transition away from large CES projects for a number of reasons. Primarily due to lower margins and lumpy cash flow. But also,

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