Half Year 2023 Ovh Groupe SA Earnings Call Transcript

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

Question: Ben Castillo-Bernaus - BNP Paribas Exane, Research Division - Analyst : Two, if I can. Firstly, on the new growth outlook for this year, what are you assuming there in H2 in terms of customer trends? Are you assuming that the same recent trends you've seen in the last month or 2 continue? Are you assuming some improvement in the timing of projects going ahead, or are you assuming some further deterioration? So just some sensitivity around that -- would be great to get a sense of how de-risked that guidance is? Second question, just a clarification and detail, please. In the press release, it seems to suggest that you're containing the increase of your -- of the cost base, whereas in the presentation on Slide 21, it seemed to be talking about actively reducing stripping costs out. Perhaps could you just clarify what that is and then detail on where you're finding these cost efficiencies?

Question: Ben Castillo-Bernaus - BNP Paribas Exane, Research Division - Analyst : So Michel, can I just follow up, please, on that question? My question was specifically on the H2 this year. So I understand the mid long-term drivers are still intact. But in terms of your full year guidance this year, are you assuming the current trends -- the current uncertainty continues into H2 and you're still confident of reaching the 13% to 14% growth if things continue, or does the things need to improve for you to get to that fiscal year '23 guidance?