EUROCELL PLC (ECEL) — Results for the six months ended 30 June 2025

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to the EUROCELL PLC Half Year Results Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged, and they can be submitted at any time using the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. However, the company can review your questions submitted today and publish responses where it is appropriate to do so. Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Darren Waters. Good morning to you. Thank you, Alex, and, welcome, everyone, to our half one, results presentation. Alongside me, Michael Scott, CFO. And as part of this, our presentation this morning, we'll be updating you on our strategic initiatives as well as the progress we've made with the Alienet business since the acquisition in March. So let's start, with the headlines. And I think, first of all, look, against a tough market backdrop, we delivered a resilient performance with adjusted operating profit of 9% versus, half one twenty four on revenues that were up 10%. That was all driven by Alienet, which has performed very well during the first four months under our ownership. Although we've seen a modest uptick in new build activity, demand in our core RMI market remains very subdued. And the penetration sector is being hit hard by a lack of consumer confidence, which is reducing spend on home improvement projects. We're therefore continuing to focus on driving operational efficiencies and cost reduction opportunities. As an example, in quarter one, we carried out a restructure of our branch network, w...