Vantiva S.A. (0MV8) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. Thank you for being on this call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. If you would like to register a question, please press star 1 on your telephone keypad. Just to remind you all, this conference call is being recorded. We would like to inform you that this event is also available on our website with synchronized slideshow. So during this call, a statement could be made that constitutes forward-looking statements based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecast, or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Vantiva's filing with the French Autorité des Marchés Financiers. I would like now to hand over the call to Tim. Please go ahead. Thanks, Thierry. Good morning, everyone, and thank you for joining us today for our H1-25 results presentation. Let's go to slide four. Let me start with the main takeaways from the first half. H1 has been a solid period for Vantiva. The recovery in demand that began in Q1 carried through into Q2, albeit at a slower pace. This was most evident in broadband, where demand remained strong. Video was a more mixed bag of results, but generally trended down. One of the most notable achievements of this half was the reduction in operating costs. The sharp increase in EBITDA reflects the benefits of the operational streamlining achieved through the integration of CommScope's CPE business and more general restructuring within the company. We also generated positive free cash flow even after restructuring cha...