Vantiva S.A. (0MV8) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Vomtiva First Quarter 24 Revenue Conference Call, chaired by Luis Martinez-Amago, CEO, and Lars-Helen, CFO. At this time, all participants are in a listen mode only. Later, we'll conduct a question and answer session. If you'd like to register a question, please press star 1 on your telephone keypad. Just to remind you, all this conference is being recorded. We would like to inform you that this event is also available live on the Bontivard website with synchronized slideshow. During this conference call, statements would be made that constitute forward-looking statements based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted, or implied by such forward-looking statements. For a more complete list and description of such risks and uncertainties, refer to Vonstiva filing with the French Autorité des Marchés Financiers. I would like now to hand over the call to Luis. Please go ahead. Thank you, Thierry, and thank you, all of you, to be on the line. So I'm going to – we can move to the first slide. I'm going to share with you the performance on quarter one. My first comment is to say that what you are going to hear is no surprise for us. I think it's part of the plan and part of the guidance that we communicated to you in January. So everything is based on the plan that we are executing. As you will see in a minute, we had a significant decline of quarter one revenues. And this is due to what I'm commenting already in several calls is a decline on the demand from customers related to the consumer expense to start with and the limited investment of customers that they are still depleting...