Velan Investor Presentation Q1 F2024
Closing Comments Q1 F2024
■The start to fiscal 2024 was impacted by temporary shipment delays, but we remain confident because:
• Our backlog has improved during the quarter, highlighted by similar bookings1 than last year.
•
•
•
Our cash base increased during the quarter thanks to consistent focus on working capital
management, continuing on the trend realized in Q4 F2023.
We are still working on a large opportunity base of bookings1.
Despite a tougher quarter, execution remains our top priority, and we will address issues encountered
this quarter to improve and meet our on-time delivery commitments.
We are dedicating all the necessary resources and efforts to prepare a successful closing of the
transaction with Flowserve.
1 Non-IFRS and supplementary financial measures - additional specifications at the end of this presentation
VELANView entire presentation