Alten S.A. (0O1S) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everybody. Hello. I would like to thank you for being with us for our conference, and we will talk about the figures by end of March twenty twenty six. A first quarter, which has revealed an activity in half notes, not really good. The figures you will see have improved for some of them and others are still decreasing. By the end of March twenty twenty six, we had EUR 1,700,000,000 turnover, which is a decline of 0.8% compared with the same period last year. In France, we progressed by 1.3 and out of France, a minus 1.3%. We had bad conditions in terms of exchange rates, And we have managed to come back to an increasing organic turnover by 1.6%, which is stable out of France. For this quarter, we have no calendar effect and the activity is almost identical to the one last year, and it had it is at the stable perimeter. At the same constant perimeter, we have improved the turnover, thanks to acquisition. Alten was having 54,000 people working for this company. We are we have altogether we have 154,000 altogether, of which 51,851 engineers. The acquisition have contributed thanks to the increase of the engineers part. At constant perimeter, we have a better progression out of France. According to the different geographical zones, this is what the activity looks like and it has developed the following way. In France, the activity is stable, plus 0.3% year to year. The automobile sector is not decreasing, but by minus 1.9%. Aerospace, security, defense are increasing slightly. However, for living sciences, tertiary, telecoms, this activity has decreased. In the Iberic Zone, 85% for Spain, the rest of Portugal, the growth is still very positive. We have an increase of 6% apart from the automobile sector, thanks to SEAT and a slight decrease in the bank sector. In I...