Bouygues (BOUYF) Q1 2025 Earnings Call

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WEBVTT 00:00:01.651 -- 00:00:05.677 Hello and welcome to the BWIG Q1 2025 00:00:05.677 -- 00:00:10.764 Results Conference Call. Please note this conference is being recorded and for 00:00:10.764 -- 00:00:13.888 the duration of the call your lines will be on listen only. 00:00:13.888 -- 00:00:19.196 However, you'll have the opportunity to ask questions at the end of the presentation. 00:00:19.196 -- 00:00:25.144 This can be done by pressing star 1 on your telephone keypad to register your question. 00:00:25.144 -- 00:00:30.232 If you require assistance at any point, please press star 0 and you'll be connected 00:00:30.232 -- 00:00:35.512 to an operator. I will now hand you over to Frédéric Delaveau, Head of Investor 00:00:35.512 -- 00:00:39.617 Relations, to begin today's conference. Thank you. 00:00:39.617 -- 00:00:44.503 Good morning, everyone, and thank you for joining us for the presentation of Bouygues' 00:00:44.503 -- 00:00:47.807 first quarter 2025 results. 00:00:47.807 -- 00:00:52.894 This presentation will be led by Pascal Granger, Deputy CEO and 00:00:52.894 -- 00:00:58.501 CFO of Bouygues Group. Pascal Granger is accompanied by Christian Lecoq, 00:00:58.501 -- 00:01:03.733 CFO of Bouygues Telecom. Following their presentation, they will be 00:01:03.733 -- 00:01:08.500 answering your questions. Pascal, I give you the floor. 00:01:08.500 -- 00:01:12.362 Thank you, Frédérique. Good morning, everyone. 00:01:12.385 -- 00:01:17.752 Before listing our highlights, I would like to point out that we had mentioned 00:01:17.752 -- 00:01:22.799 during the presentation of our 2024 results that the global 00:01:22.799 -- 00:01:26.925 microeconomic and geopolitical environment was uncertain. 00:01:26.925 -- 00:01:31.814 The first quarter of 2025 has not proven us wrong. 00...