CAPMF - Capgemini SE (CAPMF) Q1 2025 Earnings Call Transcript
2025-04-29 11:20:17 ET
Capgemini SE (CAPMF)
Q1 2025 Results Conference Call
April 29, 2025 02:00 AM ET
Company Participants
Aiman Ezzat - Chief Executive Officer
Nive Bhagat - Chief Financial Officer
Conference Call Participants
Frederic Boulan - Bank of America
Balajee Tirupati - Citi
Sven Merkt - Barclays
Mohammed Moawalla - Goldman Sachs
Nicolas David - ODDO BHF
Laurent Daure - Kepler Cheuvreux
Toby Ogg - JPMorgan
Michael Briest - UBS
Charles Brennan - Jefferies
Presentation
Aiman Ezzat
Good morning, and thank you for joining us for this Q1 2025 revenue call. I'll be joined today by our CFO, Nive Bhagat. So in Q1, the group delivered the performance slightly better than our initial expectation. This comes despite the macro and geopolitical environment that remains challenging.
The group generated revenues of €5,533 million, representing a year-on-year revenue decline limited to minus 0.4% at constant exchange rate, which represents a 70 bps improvement on the Q4 rate. The contribution from M&A in the quarter is around 1 point.
Bookings were up 2.8% at constant exchange rate and reached €5,884 million. This represents a strong book-to-bill over Q1 of 1.06.
Looking at the trends we observed in this first quarter, they are consistent with our anticipation. From a sector perspective, Manufacturing remained weak, with growth rates similar to Q4 and therefore, continue to weigh on the group growth. Financial Services and Public Sector on the other side maintained the good momentum enjoyed in Q4. The improvement compared to Q4 primarily came from the energy utilities, TMT and services sector....
Capgemini SE (CAPMF) Q1 2025 Earnings Call Transcript