Alten S.A. (0O1S) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.480 Good evening, everyone, for being here for this video conference for 2024. 00:00:05.480 -- 00:00:10.969 It was a tough year, as you may have seen, for our activities. 00:00:10.969 -- 00:00:15.997 Some of you may have read the press release, which 00:00:15.997 -- 00:00:18.417 was released 00:00:21.766 -- 00:00:26.371 by mistake, a few hours or minutes 00:00:26.371 -- 00:00:30.815 before the closing of the stock exchange. We would like to apologize for that. 00:00:30.815 -- 00:00:33.758 I hope that this won't happen again, because I think it wasn't the first time, and it 00:00:33.758 -- 00:00:35.940 may have been 00:00:35.940 -- 00:00:41.286 because of the communication agency. So for 2024, for Alten, 00:00:41.286 -- 00:00:43.248 despite 00:00:43.248 -- 00:00:48.513 an expected rebound for the second quarter, unfortunately, there was a 00:00:48.513 -- 00:00:54.731 slowed down of the activity that we had observed in the end of 2023, 00:00:54.731 -- 00:00:59.017 worsened in the second quarter of 2024. 00:00:59.600 -- 00:01:02.626 and for all sectors of activity. 00:01:02.626 -- 00:01:08.498 Even though the macroeconomic environment has deteriorated, the causes of this slowdown 00:01:08.498 -- 00:01:13.307 are heterogeneous, and it really depends on the sector. 00:01:13.307 -- 00:01:14.891 For 2024, 00:01:14.891 -- 00:01:20.542 the activity of the group remained almost stable, while the latest expectations 00:01:20.542 -- 00:01:24.385 showed a 0.3% to 0.7% recovery. 00:01:25.251 -- 00:01:29.038 We had revised our growth 00:01:29.038 -- 00:01:34.488 expectations and forecasts when we had our October publication after a 00:01:34.488 -- 00:01:38.455 September start that was more difficult than expected. 00:01:38.455 -- 00:01:44.099 At the ...