Half Year 2019 Korian SA Corporate Sales Call Transcript
Good evening, ladies and gentlemen. Welcome to our presentation with the 2019 half year results of Korian. My name is Lisa. I will be your coordinator today. (Operator Instructions)
Handing over now to Philippe Garin, the CFO. Sir, you have the floor.
Good evening, one and all. I suggest we go to the presentation that was posted a couple of minutes ago.
Let's look at our 2019 half year results. We could go straight to Page 3. You will see a recap of our main key performance indicators. Our revenue is up 8.2%, reaching EUR 1.7 billion, is up 3.8%, that's organic growth. The EBITDA margin, 14.6%. This means an increase of 70 bps relative to H1 2018. We will focus on this rather strong growth later. And the net profit is up 9.1%, reaching EUR 60.1 million. As far as the right-hand side of the screen is concerned, our performances are pretty good in terms of cash flow. Operating free cash flow, EUR 86.6 million, it was up 57%. We have made significant investments to make sure that happens. But financial leverage is
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