Half Year 2019 Eutelsat Communications SA Earnings Call Transcript
Good day, and welcome to the H1 2018-2019 Eutelsat Conference Call. Today's conference is being recorded.
At this time, I would like to turn the conference over to Rodolphe Belmer, CEO of Eutelsat. Please go ahead, sir.
Welcome, and thank you for joining us today for our half year results presentation. I am Rodolphe Belmer, CEO; and I'm joined today by Michel Azibert, Deputy CEO and Chief Commercial Officer of the group; Yohann Leroy, Deputy CEO and Chief Technical Officer; and Sandrine Téran, CFO.
Before we start, a quick reminder that we adopted IFRS 15 and 16 from the 1st of July 2018 and that figures as of the 31st of December 2017 have been restated for IFRS 15 throughout this presentation.
Let's start by taking a quick look at the highlights for the first half. In terms of financial performance, first half revenues for the 5 operating verticals stood at EUR 660 million, down 2.4% on a like-for-like basis. I will return to this. The EBITDA margin stood at 79%
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