Full Year 2020 Catena Media PLC Earnings Call Transcript
Welcome to the Catena Media Q4 Report 2020. (Operator Instructions) Just to remind you, this conference call is being recorded.
Today, I am pleased to present Göran Blomberg, Acting CEO; Peter Messner, CFO; and Michael Daly, VP. Please begin your meeting.
Hi, everybody, and welcome to this Q4 presentation from Catena Media, and I'm Göran Blomberg.
After a soft start to the Q4 in October and November, we ended the quarter very strong in December. In total, Q4 revenue were flat, but the EBITDA was up around 9% in the quarter. Adjusted EBITDA margin ended at 46% versus 42% last year. We had a very strong operating cash flow all over the year, so also in Q4. So we ended the year with a net debt of EUR 57 million compared to EUR 150 million last year, and that means a leverage of 1.09 and going down from 3.46 last year.
When we look at our business -- next slide, please. And one more slide, please. Next slide, please. Can you please change slide? Thank you. So when you look at our business
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