VGP SA (OTCPK:VGPBF)

$ 71.18 -2.91 (-3.93%) Market Cap: 2.02 Bil Enterprise Value: 3.57 Bil PE Ratio: 9.25 PB Ratio: 0.81 GF Score: 68/100

Half Year 2024 VGP NV Earnings Call Transcript

Aug 23, 2024 / 08:30AM GMT

Release Date Price: $109.98

Transcript

Operator

Hello, and welcome to the VGP half year 2024 financial results. My name is Laura, and I will be your coordinator for today's event. (Operator Instructions) Today, we have the CEO, Jan Van Geet; joined by CFO, Piet Van Geet; and VP, Martijn Vlutters, as our presenters. I will now hand you over to your host, Jan Van Geet, to begin today's conference. Thank you.

Jan Van Geet

VGP NV - Chief Executive Officer & Executive Director

Yeah. Good morning to everybody, and welcome to our webcast on the occasion of our half year financial results, a publication thereof. I will just immediately go to the first slide, the highlights of the first half year. The picture you are seeing is actually something which I would like to talk a little bit about. It's our -- at the occasion last year when we bought a big part of the Opel facility in Russelsheim, right next to Frankfurt Airport, very close to Frankfurt Airport.

We also have now made an agreement with Opel, wherein we are going to -- what has been announced on the 8th of June, on the occasion of 125 years of

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