An H1 in line with the 2023 guidance given in January. The dividend which was rebased to €0.60 for 2024-25 was something of a disaster for the stock that will be stuck at the current level for quite a while as its EBITDA-capex is unlikely to increase any time soon. The important long-term potential of the recent acquisition of Route Mobile is not valued by the market. In five years the stock will be worth much more than today.