Rentokil Initial plc (RTO) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.217 Good morning, ladies and gentlemen, and welcome to our conference call for RentalKill's 00:00:05.217 -- 00:00:10.563 initials first quarter trading update. Let me hand it over to CEO 00:00:10.563 -- 00:00:14.405 Andy Ransom. Please go ahead, Andy. 00:00:14.448 -- 00:00:16.830 Thank you, Ellie, and good morning, everyone. 00:00:16.830 -- 00:00:21.996 Before we begin, as always, can I draw your attention to the usual cautionary statement 00:00:21.996 -- 00:00:26.947 contained in our trading update this morning, as it also applies to this call. 00:00:26.947 -- 00:00:31.352 I'll start off with some brief opening remarks and then Paul and I will be pleased to 00:00:31.352 -- 00:00:36.457 take any questions. As we only reported on performance and strategy just last 00:00:36.457 -- 00:00:41.462 month, today's announcement is a short update on revenue performance in 00:00:41.462 -- 00:00:47.188 the first quarter. And just to remind you, we now report in US dollars. 00:00:47.188 -- 00:00:53.233 In the first three months of 2025, group revenue increased by 1.5% to $1.64 00:00:53.655 -- 00:00:55.094 billion. 00:00:55.094 -- 00:00:58.017 Organic revenue growth for the group was up by 1.8%. 00:00:58.017 -- 00:00:59.539 We 00:00:59.539 -- 00:01:03.884 delivered a good performance in international, which are our businesses outside of North 00:01:03.884 -- 00:01:07.949 America, with organic revenue growth of 3.3% 00:01:07.949 -- 00:01:11.953 and of 4.6% in pest control. 00:01:11.953 -- 00:01:17.059 In North America, as we flagged in March, the first quarter's growth was held back principally 00:01:17.059 -- 00:01:23.528 as a result of weak lead generation. Organic revenue growth was 0.7%, 00:01:23.528 -- 00:01:27.293 and 0.5% in pest control. 00:0...