Alten S.A. (0O1S) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.031 Good 00:00:02.137 -- 00:00:02.940 evening. 00:00:02.940 -- 00:00:08.637 Thank you everyone. Thank you for attending this audio call, Alten, about 00:00:08.637 -- 00:00:13.751 the revenue at the end of November 2025. The 00:00:13.751 -- 00:00:20.740 activity is the same as what we've commented last month during the 00:00:22.327 -- 00:00:27.356 quarterly activity results. The activity has simply 00:00:27.356 -- 00:00:32.626 eroded a little bit more. There are no further news that would counter or even 00:00:32.626 -- 00:00:36.228 modify the comments that we made in September. 00:00:36.228 -- 00:00:41.894 At the end of September 2025, the revenue was 3 00:00:41.894 -- 00:00:44.256 billion euros, 00:00:44.256 -- 00:00:46.018 down 3% compared 00:00:46.018 -- 00:00:51.324 to last year. In France, the activity is up 4% and outside of France, 00:00:51.324 -- 00:00:54.605 it's down 3.9%. On a 00:00:55.288 -- 00:01:00.694 like-for-like basis, the activity is down 5.2% as anticipated and 00:01:00.694 -- 00:01:05.759 down 4% in France and 5.8% outside of France. 00:01:05.759 -- 00:01:10.506 as you probably know the activity was sanctioned by 1.5 opening 00:01:10.506 -- 00:01:15.814 days than last year in the first quarter for a 0.6 impact on organic 00:01:15.814 -- 00:01:19.840 growth at the end of september 2025 00:01:19.840 -- 00:01:25.670 so our organic negative growth is 4.6% on 00:01:25.670 -- 00:01:27.670 a 00:01:28.075 -- 00:01:33.523 like-for-like opening days. The revenue is down 1.7%, 00:01:35.913 -- 00:01:37.913 991.9 00:01:38.779 -- 00:01:42.007 million euros compared to 2024. 00:01:42.007 -- 00:01:44.511 Our activity is 4.5% 00:01:44.511 -- 00:01:47.653 down on a like-for-like, 5% 00:01:48.818 -- 00:01:51.799 outside of France, an...