Getlink Se (GRPTF) Q2 2019 Earnings Call

Investor webinar replay

Replay transcript excerpt

Getlink reports results for 2018. Jacques Guenon, a warm welcome to you. You are the CEO and Chairman of Getlink. Now, you're presenting FY results. They're positive, but with Brexit just around the corner, can the success continue? Hi. First of all, I would like to commend 2018, which has been an excellent year, really excellent year. And I would say, if I may summarise 2018, better than expected. in all ways and all businesses. I know that there is a certain level of uncertainty about the Brexit outcome but, as I will explain, I don't think that this could have a significant impact on our businesses even if we are, let's say, Brexit-ready in all assumptions which could happen. And the best way in order to give such evidence of confidence in the future is the fact that the Board has decided to propose to the next AGM a significant increase of the dividend this year an increase by 20% which means 36 cents by share which is really something in order to, let's say, highlight the fact that the only thing which is certain at the present time is the fact that our dividend policy will continue to be implemented. Let's get back maybe to this excellent year as you said. I think we need to give some figures, some key figures, of course. Revenues have been up by 5%. More importantly, EBITDA grew by 9%, up to 569 million euros. 569 million euros, an historical record. Very robust profit. If we consider free cash flow, it's plus 7%. And at the end of the day, which is, let's say, the first time we have such a long-term historical record, it's the net profit 130 million euros up by 21%. So we can say, yes, 2018 has been really a very excellent year and we are in a very robust positioning in order to address 19 years later. Could you tell us more about the lines of business? First...