Spie SA Q3 2020 Earnings Call Transcript

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

Question: Christophe Chaput - ODDO BHF Corporate & Markets, Research Division - Analyst : Yes. Three questions from me, please. The first one is could you give us the amount of extra costs related to COVID that you were able to offset with price increase in Q3, please. The second one is how much of the extra cost that you still -- are you still suffering from, I mean, in Q3? And the last one is regarding nuclear, what is the size of the sale that is going to be delayed 2020 to 2021.

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Could I ask your trend in September relative to the Q3 overall? And maybe if you can make a comment on October as well. Then on Germany & Central Europe, heading into Q4, obviously, Germany is growing really well in Q3, can you maybe talk about how long these projects with TenneT REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 05, 2020 / 6:20AM, SPIE.PA - Q3 2020 Spie SA Earnings Call will continue for? Obviously, they're quite long term, but if you can comment on that. And then on the other side, just the Hungary phasing, when do you expect that to improve? And then finally, just if you can give another comment on M&A and whether you're seeing any activity there?

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Okay. So just on the monthly, was your comment on Germany? Or can you comment on the group trends into September, October?

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Sorry, sir, it was just that the question was on the group, not on Germany.

Question: Sylvia Pavlova Barker - JPMorgan Chase & Co, Research Division - Analyst : Is it the same for the group? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 05, 2020 / 6:20AM, SPIE.PA - Q3 2020 Spie SA Earnings Call

Question: Nicolas Tabor - MainFirst Bank AG, Research Division - Analyst : The first one would be quite straightforward. I wanted to have your feeling 1 month into Q4, trying to assess how confident you are you can manage to post positive organic growth in the fourth quarter? And then maybe I can follow up with the 2 other questions.

Question: Nicolas Tabor - MainFirst Bank AG, Research Division - Analyst : Great. Great. And then going back to maybe Germany & Central Europe, I wanted to try and understand. We've seen this strong 4.5% organic growth in Germany, and you said that you were not guiding for the same level over the coming quarters. But when I look at the comparison basis, it's quite easy in Q4 and in H1 next year. So is there something we don't see that will hinder your potential continued growth especially as T&D is not impacted by COVID-19? And then for Central Europe, should we expect the continued phasing of Hungary and the same level of decline organically over the next Q4 and Q1 quarters?

Question: Nicolas Tabor - MainFirst Bank AG, Research Division - Analyst : Even if we look at, say, the next 9 months in a broad average?

Question: Nicolas Tabor - MainFirst Bank AG, Research Division - Analyst : Well, I just meant that the [4% basis] will be quite easy over the next 9 months, so I just wanted to know if we don't look at specific months or quarters but, let's say, over the next 9 to 12 months.