bpost NV/SA (BPOSY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, hello and welcome to the BNode First Quarter 2026 Analyst Conference Call. On today's call, we have Mr. Philippe Darcien, CFO. Please note, this call is being recorded, and for the duration of the call, however, you will have the opportunity to ask questions at the end of the call. This can be done by pressing pound key 5 on your telephone keypad to register your question. If you wish to withdraw your question... please dial pound key six on your telephone keypad. I will now hand over to your host, Philippe Darcien, CFO, to begin today's conference. Please go ahead, sir. Thank you. Good morning, ladies and gentlemen. Welcome to all of you, and thank you for joining us. I'm pleased to present you our first quarter result as CFO of D-Node. With me, I have Alexandra and Antoine from Inverters Relations. We posted the materials on our website this morning. and I will walk you through the presentation and will then take your questions. As usual, two questions each, which ensures one gets the chance to be addressed in the upcoming hour. I will start with our quarterly financial results, then provide an update on the progress on our key strategic initiatives during the quarter, before concluding with our financial outlook. As you can see on the highlights on page three, our group operating income for the first quarter amounted to 1 billion 63 million euros, representing a year-on-year decrease of 56 million euros or 5%. This performance reflects a combination of factors. First, as expected, we saw the impact of contract termination traded US, which were announced in the course of last year and already incorporated in our outlook we presented earlier this year. This termination resulted in an 11% year-on-year revenue decline, or €38 million. And togethe...