Spie Sa Ord (SPIWF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.217 Hello and welcome to the SPEEQ1 2025 00:00:04.217 -- 00:00:09.464 revenue call hosted by Gautier Louet, Chairman and CEO, and Jérôme 00:00:09.464 -- 00:00:14.652 Vanhoef, Group CFO. Please note this conference is being recorded for the duration 00:00:14.652 -- 00:00:18.157 of the call. Your lines will be on listen only. 00:00:18.157 -- 00:00:23.164 However, you'll have the opportunity to ask questions after the presentation and 00:00:23.164 -- 00:00:28.516 this can be done by pressing star 1 on your telephone keypad to register your questions. 00:00:28.516 -- 00:00:32.198 If you require assistance at any point, 00:00:33.143 -- 00:00:35.085 please reach out to an operator. 00:00:35.085 -- 00:00:39.732 I will now hand you over to Mr. Gauthier Huet to begin today's conference. 00:00:39.732 -- 00:00:41.992 Thank you. 00:00:44.118 -- 00:00:49.526 Good morning, everyone. Thank you for joining us today for our Q1 results conference 00:00:49.526 -- 00:00:54.734 call. So SPI has made a serious start to the year with encouraging 00:00:54.734 -- 00:00:58.739 momentum across several of our key markets. 00:00:58.739 -- 00:01:04.085 And in the current volatile macro environment, the underlying trends driving our business 00:01:04.085 -- 00:01:07.049 remain very much intact. 00:01:07.049 -- 00:01:12.215 We are nearly 100% European service business with no direct exposure to 00:01:12.215 -- 00:01:15.379 the tariffs currently discussed. 00:01:15.379 -- 00:01:20.105 To begin, I would like to show a few recent contract examples that reflect this positive 00:01:20.105 -- 00:01:22.007 momentum. 00:01:22.007 -- 00:01:27.093 So in Germany, we're awarded three new contracts in Baden-Württemberg as part of 00:01:27.093 -- 00:01:30.596 Netze BV, grid extens...