Engie Sa Ord (ENGQF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for holding, and welcome to Engie's first quarter 2026 financial information presentation. For your information, this call is being recorded. It will take place in a listen-only mode, and you'll have the opportunity to ask questions after the presentation. Anyone who wishes to ask a question may press star and one on their touchtone telephone. To remove yourself from the question queue, please press star and two. I will now hand you over to Mr. Alcindier, head of investor relations. Please go ahead, madam. Thank you, and good morning, everyone. It's my pleasure to welcome you to Engie's Q1 conference call. Shortly, Catherine and Pierre-Francois will present our first quarter performance, following which we will open the lines to Q&A. And with my polite request of limiting your questions to one or two only, please. And with that, over to Catherine. Thank you, Delphine, and good morning, everyone. Engie has started 2026. as it ended 2025, in fast-forward mode, especially as we have just closed an hour ago the acquisition of UK power networks, which is allowing us to transform our scale in the critical and growing power grid sector. We have also entered into negotiations towards a full transfer of our nuclear assets and liabilities to the Belgian government. If this process is successful, the Belgian government will be taking responsibility for its country's long-term nuclear future, and Engie will have no remaining nuclear operations there. In terms of results, I can report a solid Q1 EBIT, indeed slightly below the 2025 level, that was benefiting from various tailwinds. The group continues to perform well, with strong momentum in renewables and beds, and relentless rollout of our performance plan. Of course, the conflict in the Middle East has taken up much ...