Vantiva S.A. (0MV8) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Vantiva First Half twenty twenty six Results Conference Call shared by Tim Oloflin, CEO and Lars Ihlen, CFO. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer session. Just to remind you all, this conference is being recorded. We'd like to inform you that this event is also available live on Vantiva's website and with synchronized slideshow. During this conference call, statements could be made that constitute 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 authority, De Marche Financier. I would like to hand over the call to Tim. Tim, please go ahead. Thanks, Thierry. Good day, everyone. Welcome to our first half twenty twenty six results presentation. I'll move to Slide number four. Let me start with the key highlights of the first half. One of our major achievements of the first half was the successful extension of our debt maturities completed at the end of the period. This is a really positive step in our recovery journey and will help reduce our financing costs on a go forward basis. On the business front, Q2 unfortunately continued some of the negative trends that we saw in Q1. Our performance was impacted by supply volatility and some pronounced unfavorable phasing within the year. Our broadband activity was almost flat at actual exchange rates, but the demand for the video products continued to decline. Despite all of that pressure...