Q1 2020 Vinci SA Corporate Sales Call Transcript
Welcome to the VINCI Q1 '20 Revenue Conference Call. I will now hand over to Mr. Christian Labeyrie, Executive Vice President and CFO of VINCI; and Mr. Gregoire Thibault, Head of Investor Relations of VINCI. Sirs, please go ahead.
Thank you. Good evening, and thank you, everybody, for attending this conference call. So I am today with Gregoire, but also with Marie (inaudible) and Thierry Mirville.
First of all, we do hope that all of you and your beloved ones are safe and healthy in these tough times we are going through. So as usual, I will try to be brief so to have more time for the Q&A.
So what are the key takeaways of the beginning of the year for VINCI? VINCI was performing well overall in both its concession and contracting business lines until mid-March. And obviously, since then, it has suffered a very severe drop in activity following the lockdown in France, in particular, and also in many other countries. Under these circumstances, we expect a pronounced decline in the group
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