Full Year 2023 Eutelsat Communications SA Earnings Call Transcript
Good day and welcome to the Eutelsat Communications Full Year 2022-'23 Results Presentation Conference Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Eva Berneke. Please go ahead, madam.
Thank you. Welcome. Good morning and thank you for joining us today for Eutelsat's Full Year '22-'23 Results Presentation. I'm Eva Berneke, CEO; and I'm joined in today's call by our CFO, Christophe Caudrelier. Let's start by taking a look at the highlights of the year. This year's Operating Verticals revenues were at the upper end of our expected range. This performance was mainly based on sustained momentum in Mobile Connectivity, we posted a double-digit growth over the full year. We delivered a very solid financial performance, including an industry leading adjusted EBITDA margin of 73%. Adjusted discretionary free cash flow of EUR 518 million, comfortably within our expected range of an annual average over 2 years of EUR 420 million
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