Alten S.A.

Good afternoon, everyone, and thank you for being here for this web conference on the activity at the end of March 2025. I assume you've all received the press release that was released a few minutes ago, and I hope you've had time to read it. For this quarter, we've started with the stabilization of the activity after several quarters of a slowdown in conditions that were slightly more buoyant given the drop in interest rates and the American elections. Some clients have decided to increase their prices. Since the beginning of January, end of March, the economic context has changed drastically. because of a lack of visibility both in the U.S. but also other regions in the world. Most clients have decided to defer their investment to new cancellation of coffer tenders or postponed projects because these clients are looking for increased productivity. As a consequence, the first quarters of the first quarter and the outlooks for the coming month are not as positive as anticipated in the first quarter 1.1 billion 6 million euros that is the revenue down 0.5% in France or outside of France it's down 2.8% and in France it's up 4.2% on a like for like the activity has declined by 5.5% it's down 3.8% in France

And outside of France, down 6.3%.

There was one less opening day than last year, which leads to a 1% decline in organic growth.