Technip Energies Nv (THNPF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.638 Hello and welcome to Technip Energy's financial results for the first quarter of 2026. 00:00:05.638 -- 00:00:10.825 On the call today, our CEO, Arnaud Piertan, will discuss our Q1 performance 00:00:10.825 -- 00:00:17.213 and business highlights. This will be followed by a financial review by CFO Bruno Weber. 00:00:17.213 -- 00:00:22.320 Arnaud will then return for the conclusion before we open for questions. 00:00:22.320 -- 00:00:27.607 Before we start, I encourage you to take note of the forward-looking statements on slide 00:00:27.607 -- 00:00:29.225 three. 00:00:29.225 -- 00:00:32.646 I will now pass the call over to Arnaud. 00:00:33.109 -- 00:00:39.055 Thank you, Phil, and a very warm welcome to our first quarter results presentation. 00:00:39.055 -- 00:00:43.700 Let me start by sharing the key highlights of our performance. 00:00:43.700 -- 00:00:48.204 First, a comment on the situation in the Middle East. 00:00:48.204 -- 00:00:54.491 I want to reassure you that all our projects under construction are intact, 00:00:54.491 -- 00:01:00.274 no damage to the work, and no cancellation And more importantly, 00:01:00.274 -- 00:01:02.756 everyone is safe. 00:01:02.756 -- 00:01:07.421 Of course, we have faced operational disruptions stemming from the conflict, but our 00:01:07.421 -- 00:01:12.744 first quarter results underscore the resilience of Technic Energies. 00:01:12.967 -- 00:01:18.032 Owing to the adaptability and unwavering commitment of our teams, we 00:01:18.032 -- 00:01:23.417 limited the revenue impact to just a 4% decline year over year, 00:01:23.417 -- 00:01:26.699 with EBITDA down 8%. 00:01:27.381 -- 00:01:29.114 Importantly, 00:01:29.114 -- 00:01:33.580 our robust underlying cash generation continues to set us apart. 00...