Elementis PLC (LSE:ELM)
£ 1.396 -0.034 (-2.41%) Market Cap: 822.91 Mil Enterprise Value: 1.01 Bil PE Ratio: 0 PB Ratio: 1.34 GF Score: 67/100
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Half Year 2024 Elementis PLC Earnings Call Transcript

Aug 01, 2024 / 08:00AM GMT
Release Date Price: £1.59 (-0.38%)
Lynn Paul Waterman
Elementis PLC - Chief Executive Officer, Executive Director

Good morning, and welcome to the Elementis 2024 interim results call. Before we get into the presentation, I'd just like to share a few reflections on our first half results. The demand environment was flat, so there was no tailwind. The results were driven by execution of the innovation growth and efficiency strategy that we've been working at since 2020.

At our Capital Markets Day last November, we shared how continued execution of this strategy will deliver materially improved financial performance by 2026. I believe the first half performance needs to be looked at in this context. Our performance was strong relative to the environment, and this was a result of our multiyear focus on launching innovative new products, developing new business, while simultaneously taking action to make Elementis more efficient. We now have a very solid foundation that we'll continue to build on.

So am I confident we'll deliver our 2026 CMD targets? Yes, I'm absolutely confident. And even if demand conditions remain as they

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