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

Investor webinar replay

Replay transcript excerpt

Good evening, everyone, for being here for this video conference for 2024. It was a tough year, as you may have seen, for our activities. Some of you may have read the press release, which was released by mistake, a few hours or minutes before the closing of the stock exchange. We would like to apologize for that. I hope that this won't happen again, because I think it wasn't the first time, and it may have been because of the communication agency. So for 2024, for Alten, despite an expected rebound for the second quarter, unfortunately, there was a slowed down of the activity that we had observed in the end of 2023, worsened in the second quarter of 2024. and for all sectors of activity. Even though the macroeconomic environment has deteriorated, the causes of this slowdown are heterogeneous, and it really depends on the sector. For 2024, the activity of the group remained almost stable, while the latest expectations showed a 0.3% to 0.7% recovery. We had revised our growth expectations and forecasts when we had our October publication after a September start that was more difficult than expected. At the end of December 2024, the revenue of the group was 4%. point one three million euros which is down and in france the activity has increased by 4.8 on a like for like we're down 0.2%. It's, however, up in France because we've made up 4.8% because we've made no acquisitions. But it's down by 2.6% out of France. We've had 1.5 opening days more than 2023, or a 0.5% increase on like-for-like organic growth. For the fourth quarter, we're down 0.5%, up 2% in France, but down by 3.5% outside of France. On a like-for-like scope, we're down 2.7% in our activities and 2.6% outside of France, but up 2% in France. The activity rate is about 91.3% for the last quarter. It was 91....