Getlink Se (GRPTF) Q2 2020 Earnings Call

Investor webinar replay

Replay transcript excerpt

Getlink reports 2019 results. Jacques Guenard, a warm welcome to you. You're the CEO and the chairman of Getlink. Hello. Jacques Dunant, you're presenting FY results. They're positive despite an uncertain environment this year. How do you explain that? I think that the group performed very well despite, as you mentioned, of course, the Brexit uncertainty and various strikes in France which have impacted our business. Having said that, we had, let's say, a weak market. We had the traffic which we believe is able to support the result of the company. And if I may, for instance, have a look at the Europort right flight business, it did very well and it has very positive contribution to the group. So everything is working well. If we consider now the fixed link, we can say that all the KPIs, The key facts are very positive. We increased our market shares. We increased our load factors. We increased our quality of service. We increased the satisfaction of our customers. We have, let's say, a very strong staff motivation. So all in all, this is a result why, and on top of that, of course, we have our green credentials. It's the reason why this group is performing very well and will continue to do that. Let's get back to this robust year, as you said. Yeah, I think first of all, turnover is more or less stable. Slight increase against 9.18 with 1.085.000.000 euros. So very strong turnover. But of course, more importantly, EBITDA level. We reached 560 million euros of EBITDA, operational margins. And this is absolutely key because we are in line with our guidance, which was not so obvious. And I would like also to focus on free cash flows and more importantly on operational cash flows, which reach the incredible figure of 599 million euros. So it means that, and if we consid...