Bruno Benoliel
Depuy GM, Incharge of Finance, Information Systems & Legal

Hello, everybody. Hello. I would like to thank you for being with us for our conference, and we will talk about the figures by end of March 2026, a first quarter, which has revealed an activity in half notes, not really good. The figures, you will see, have improved for some of them, and others are still decreasing. By the end of March 2026, we had EUR 1.7 billion turnover, which is a decline of 0.8% compared with the same period last year. In France, we progressed by 1.3% and out of France, a minus 1.3%. We had bad conditions in terms of exchange rates. And we have managed to come back to an increasing organic turnover by 1.6%, which is stable out of France. For this quarter, we have no calendar effect, and the activity is almost identical to the one last year, and it had -- it is at a stable perimeter.

At the same constant perimeter, we have improved the turnover, thanks to acquisition. ALTEN was having 54,000 people working for this company. We are we have altogether -- 154,000 altogether, of which 51,851 engineers. The acquisition have contributed, thanks to the increase of the engineers' part. At constant perimeter, we have a better progression out of France. According to the different geographical zones, this is what the activity looks like, and it has developed the following way. In France, the activity is stable, plus 0.3% year-to-year. The automobile sector is not decreasing, by minus 1.9%. Aerospace, security, defense are increasing slightly. However, for living sciences, tertiary, telecoms, this