Once again an as expected set of results for Q1 if we leave out of the equation…the negative forex impact. Revenues were up organically by 2% yoy, a number which is in line with the growth recorded during the first 9 months of 2017 but slightly below the good 4.8% recorded in the previous Q4. Note also that, excluding the impact of regulation, revenues would have risen by 3.1% yoy. But the reported revenues were eventually down by 7.2% due to the strong depreciation of South American c
