Half Year 2021 Network International Holdings PLC Earnings Call Transcript
Hello, and thank you for joining us today for Network International's 2021 Interim Results. I'm Nandan Mer, CEO of Network International. And with me is Rohit Malhotra, our CFO. We will take you through our results and then take your questions.
First, let's start with some highlights from the first 6 months of the year. Following an unprecedented 2020, the first half of this year has been one of improved business momentum with many of our KPIs recovering, as our key markets begin to open. This is also proof of the resilience of our business model.
We have made excellent strides so far this year. Revenue is now ahead of pre-pandemic levels, up 17% to $156 million, with positive momentum across parts of the business. Underlying EBITDA margin performance is stable year-on-year following robust cost management, while we continue to invest for growth as the business recovers.
We have remained cash generative, and our balance sheet is in a strong position with leverage of 2.1x, significantly below our
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