Check out our H1 results as announced by Lars Ihlen our Group CFO and Interim CEO
Last week we announced the H1 results for Vantiva. Despite some headwind in the market, we reached €1,004 million in revenue, adjusted EBITDA of €23 million and free cash flow after financial and tax at negative €19 million. Excluding the restructuring costs, the free cashflow after financial and tax reached a positive €14 million. The results are in line with our expectations and gives us the confidence to confirm our guidance for 2024. The integration of the Home Networks Division from Commscope is progressing as planned, and at the end of June we have almost finalized the operational merger with our Connected Home Division. The teams have done a tremendous job to finalize this in just about 6 months. We also announced that Luis Martinez-Amago will retire in the middle of August. I will act as the Interim CEO until the board has appointed a permanent replacement. We would all like to thank Luis for his contributions to the company over the last 9 years. Luis’ leadership helped to cement Vantiva as the world-leader of the CPE industry. Read more about our results below: #Vantiva