Q3 2019 Eutelsat Communications SA Corporate Sales Call Transcript

May 14, 2019 / 04:30PM GMT
Operator

Good day, and welcome to the Eutelsat Communications Third Quarter 2018-2019 Revenues Presentation Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Rodolphe Belmer, CEO of Eutelsat Communications.

Rodolphe Belmer - Eutelsat Communications S.A. - CEO & Director

Good evening, ladies and gentlemen, and thank you for joining us on this call where we'll present our third quarter 2018 and '19 revenues. I'm Rodolphe Belmer, CEO. I'm joined by Michel Azibert; and Yohann Leroy, Deputy CEOs; and Sandrine Téran, CFO.

Before looking at the operations in detail, let's take a look at the main takeaways of the quarter. First, outcome of our negotiations with the finance administration on the territoriality treatment of our corporate tax will lead to a reduction of the order of EUR 70 million in our annual tax burden, contributing to the acceleration of our free cash flow-generating capacity.

Second, core Broadcast is showing strong resilience with a return to quarter-on-quarter growth,

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