Q1 2025 sales revenues

• Q1’25 revenues of €600m, -12% vs. Q1’24, -13% like for like
• Q1’25 order intake on equipment of €574m vs. €532m in Q4’24 (+8%), vs. €186m in Q1’24 (+209%)
• End of Q1’25 order book on equipment at €1,169m vs. €1,878m in Q1'24
• Confirmation of an expectation of stable revenues in 2025 compared with 2024 and of a recurring operating profit rate for 2025 to be around 5.5% of revenues

First-quarter revenues are in line with our expectations. This first quarter is marked by a continued increase in order intake which is higher than in the fourth quarter of 2024. This good momentum rewards the work carried out by the teams to make new product ranges available and adapt to our markets. Today, the order book has normalized, allowing us to confirm the expectation of stable revenues in 2025 compared with 2024 and of a recurring operating profit rate for 2025 to be around 5.5% of revenues.

Michel Denis, President & CEO