Alten S.A. (0O1S) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.536 Good afternoon, everyone, and thank you for being here for this web conference on the 00:00:04.536 -- 00:00:09.642 activity at the end of March 2025. I assume you've all received the 00:00:09.642 -- 00:00:14.268 press release that was released a few minutes ago, 00:00:14.268 -- 00:00:19.834 and I hope you've had time to read it. For this quarter, we've started 00:00:19.834 -- 00:00:24.027 with the stabilization of the activity after several 00:00:24.027 -- 00:00:27.871 quarters of a slowdown in conditions 00:00:28.015 -- 00:00:33.726 that were slightly more buoyant given the drop in interest rates and the 00:00:33.726 -- 00:00:35.726 American 00:00:36.531 -- 00:00:39.978 elections. Some clients have decided to increase their prices. 00:00:39.978 -- 00:00:46.353 Since the beginning of January, end of March, the economic context has changed drastically. 00:00:46.353 -- 00:00:48.516 because of a lack of visibility both in the U.S. 00:00:48.516 -- 00:00:51.559 but also other regions in the world. 00:00:51.559 -- 00:00:56.923 Most clients have decided to defer their investment to 00:00:57.206 -- 00:01:02.112 new cancellation of coffer tenders or postponed projects 00:01:02.112 -- 00:01:05.836 because these clients are looking for increased productivity. 00:01:05.836 -- 00:01:11.043 As a consequence, the first quarters of the first quarter and the outlooks 00:01:11.043 -- 00:01:17.129 for the coming month are not as positive as anticipated in the first quarter 1.1 00:01:17.129 -- 00:01:22.394 billion 6 million euros that is the revenue 00:01:23.298 -- 00:01:25.802 down 0.5% in 00:01:25.802 -- 00:01:32.152 France or outside of France it's down 2.8% and in France it's up 4.2% 00:01:32.152 -- 00:01:37.820 on a like for like the activity has...