VusionGroup (0OA4) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and welcome to our first quarter 2025 sales presentation. With me today are Thierry Gadou, our chairman and chief executive officer, as well as Thierry Lemaitre, our deputy CEO, finance and corporate. Thierry Gadou will make some remarks on the group's business performance and financial performance in the first quarter, as well as our full year After these remarks, we will be happy to take your questions. As a reminder, some of the information to be discussed on our call today is forward-looking and subject to important risks and uncertainties that could cause actual results to differ materially. For these, I refer you to the Safe Harbor Statement included in our press release and on slide three of this presentation. This evening's release was issued a short while ago and is available in French and in English on Vision Group's website The slides of this presentation can also be found on our website in the regulated information section. A replay and a transcript will also be available on our website after the call. And with that, it's my pleasure to hand you over to Thierry Gadot for his opening remarks. Thank you, Olivier. Good afternoon, everyone. Thanks for joining our conference call. I'm very happy to present our sales figures for the first quarter. In a nutshell, Vision Group achieved an excellent Q1, slightly ahead of our guidance, with 31% growth in adjusted sales. Order entries nearly doubled in the first quarter to $532 million, driven by the strong momentum in the United States. Vast sales reached $33 million, up 71% versus Q1 last year. And we reiterate our full year outlook of 40% adjusted sales growth and improved profitability. So let's now go into a bit more detail. So the group's IFRS revenue reached €215 million in the first...