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Profitability ► EBITDA margin of 78.4% at constant currency versus 77.6% in FY 2017-18 despite • Lower revenues • Roll-out costs of Konnect Africa ► Successfulcompletionof LEAP 1 opex plan • €32m in savings versus €30m target 1,078 1,032 77.6% 4 78.4%1 77.5 Margin at constant currency 77.4 77. FY 2017-18 FY 2018-19 1 Reported EBITDA margin stood at 78.1%   22 EBITDA (€M) 


































































































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