Half Year 2020 Eutelsat Communications SA Earnings Call Transcript
Good day, and welcome to the Eutelsat First Half 2019/'20 Results Presentation Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Rodolphe Belmer, CEO. Please go ahead, sir.
Welcome, and thank you for joining us today for the first half 2019-2020 results presentation. I am Rodolphe Belmer, CEO; and I'm joined on today's call by Michel Azibert, Deputy CEO; Yohann Leroy, Deputy CEO and Chief Technical Officer; and Sandrine Téran, CFO.
Let's start by taking a quick look at the recent business highlights. In terms of financial performance, first half revenues for the 5 operating verticals stood at EUR 636 million, down 4.9% on a like-for-like basis. The EBITDA margins stood at 77.9% at constant currency, a level close to last fiscal year.
Cash CapEx stood at EUR 189 million, well within the EUR 400 million annual average. Discretionary free cash flow stood at EUR 108 million, down 56% at constant currency and perimeter,
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