Societe Generale SA (SCGLF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.183 -- 00:00:05.470 Ladies and gentlemen, welcome to the CCTA General First Quarter 2025 Results 00:00:05.470 -- 00:00:07.492 Conference Call. 00:00:07.492 -- 00:00:11.778 I now hand over to Mr. Slava Merkupa, Chief Executive Officer. 00:00:11.778 -- 00:00:13.981 Please go ahead, sir. 00:00:13.981 -- 00:00:17.445 Thank you. Good morning, everyone, and thank you for joining us today. 00:00:17.445 -- 00:00:22.492 I am very pleased to be here with you to present, together with Leo, our first quarter 00:00:22.492 -- 00:00:23.994 results. 00:00:23.994 -- 00:00:26.980 I am happy with our performance this quarter. 00:00:26.980 -- 00:00:31.647 and I am proud of the work and commitment from all of the SG teams. 00:00:31.647 -- 00:00:37.295 We still have a lot of work ahead of us, but our renewed ability to execute consistently 00:00:37.295 -- 00:00:42.382 and with discipline makes me confident that we will continue to build on our 00:00:42.382 -- 00:00:44.783 strong momentum. 00:00:44.785 -- 00:00:48.831 The environment is uncertain for sure, and our progress will not always advance in a 00:00:48.831 -- 00:00:54.937 straight line, but it will be consistent and predictable. 00:00:54.959 -- 00:01:00.688 We have taken what was once merely our aspirations and transformed them into a tangible 00:01:00.688 -- 00:01:03.132 execution track record. 00:01:03.132 -- 00:01:07.539 Since the CMD, the results we deliver continue to get better. 00:01:07.539 -- 00:01:11.225 Our strategy is paying off. 00:01:11.225 -- 00:01:14.671 Revenues are up by 10%, excluding asset disposals. 00:01:14.671 -- 00:01:19.258 This is above our full-year target of more than 3% growth. 00:01:19.258 -- 00:01:24.634 We committed. to at least a 1% cost reduction excluding disposals, the reality 00:0...