Half Year 2020 Spie SA Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Three questions from me, please. First, on July, you say in the statement that your growth is now nearly back to normal. Should we read that as down low single digits organically? Could you maybe just talk about which regions are still down and which might be growing? Secondly, on furloughs, most companies have specified, I guess, in euro or pound terms, how much benefit they seen in H1. Could you maybe talk about how much you saw in Q2 as a reduction in your employee costs help to furloughs? How quickly is that reducing also? And then finally, pricing pressure by competitors has been an issue, I guess, during the previous crisis. Is that something that you're seeing now? What's competitive behavior like?

Question: Nicolas Tabor - MainFirst Bank AG, Research Division - Analyst : The first one was just a small clarification regarding the net working capital. The 8 days of underlying improvement, should they also reverse? Or could they be maintained in H2? And then regarding Oil & Gas and Nuclear, I wanted to have your perspective for the next semester in Oil & Gas, how you see the impact. Even though you're exposed to OpEx, do you see already some pressure in the CapEx? Could it deteriorate further? And in Nuclear, you said there is some Grand CarTnage work to be recovered. What is the magnitude in terms of the revenue or percentage of the segment that correspond to this work to be recovered? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 29, 2020 / 7:00AM, SPIE.PA - Half Year 2020 Spie SA Earnings Call