Veolia Environnement Adr (VEOEY) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.100 Good morning, ladies and gentlemen. Welcome to the Viulia H1 2025 00:00:05.100 -- 00:00:10.189 results conference call with Estelle Grashinov, CEO, and Emmanuel Manning, 00:00:10.189 -- 00:00:14.657 CFO. At this time, all lines are in a listen-only mode. 00:00:14.657 -- 00:00:18.343 Following the presentation, we will conduct a question-and-answer session. 00:00:18.343 -- 00:00:23.613 If at any time during this call you require immediate assistance, please press star 00:00:23.613 -- 00:00:30.148 zero for the operator. This call is being recorded on Thursday, July 31st, 2025. 00:00:30.148 -- 00:00:34.974 I would now like to turn the conference over to Estelle Rationale. 00:00:34.974 -- 00:00:37.414 Please go ahead. 00:00:37.416 -- 00:00:41.441 Thank you, and good morning, everyone. Thanks for joining this conference call to present 00:00:41.441 -- 00:00:47.207 the ODS H1 key figures, and I'm accompanied by Emmanuel Mening, our CFO. 00:00:47.207 -- 00:00:50.691 I'm on slide four for the key takeaways. 00:00:50.691 -- 00:00:55.128 First and foremost, our H1-25 results are very strong. 00:00:55.128 -- 00:01:00.234 with Q2 performance in line with Q1. Those results are perfectly in line as well 00:01:00.234 -- 00:01:05.300 with our annual objectives and enable us to fully confirm our guidance 00:01:05.300 -- 00:01:07.242 for the year. 00:01:07.242 -- 00:01:11.828 In a rather challenging environment, this performance is really a testimony to the strength 00:01:11.828 -- 00:01:17.134 of our business model of resilience and growth, with a successful combination 00:01:17.134 -- 00:01:23.005 of stronghold and booster activities and a diversified international portfolio. 00:01:23.005 -- 00:01:28.531 As you know, the Velia value creation model...