Cliq Digital AG (OTCPK:CLQDF) Q3 2024 Earnings Call November 7, 2024 8:00 AM ET
Company Participants
Sebastian McCoskrie – Investor Relations
Luc Voncken – Chief Executive Officer
Ben Bos – Member, Management Board
Sebastian McCoskrie
Good afternoon, ladies and gentlemen. Welcome to CLIQ Digital’s Third Quarter 2024 Results Presentation.
My name is Sebastian McCoskrie and I’m responsible for CLIQ’s Investor Relations. Today, I will be your host for this earnings call. Our CEO, Luc Voncken, will present CLIQ’s most recent strategic and operational highlights. Thereafter, Ben Bos, Management Board member, will walk you through the quarterly financials. After the presentations, I will read out the questions you have kindly sent in via e-mail. Please take note of the disclaimer shown here and that this call is being recorded. The visual audio and/or transcription of this call may be published, including any of the data arising there from. If you have any objection, please disconnect at this time. So without further ado, let me now hand over to Luc, who will kick off today’s earnings call. Luc, the floor is yours.
Luc Voncken
Thank you, Sebastian, and good afternoon, ladies and gentlemen. The Dutch are famous for being direct. So let me be direct, our third quarter sales performance was disappointing. However, we were able to stabilize the EBITDA. Hence, we are progressing quite well on our restructuring program on a profitability focus and on our cash generation. Of course, it would have been really nice to have been able to present fast progress. It’s not an easy and quick fix to transform CLIQ to be better equipped and better prepared for future growth.
Q3 did have positive highlights. As you can see here, we have already successfully grown our earnings, our cash flow and our liquidity in the third quarter this year. Conversely, sales and
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