Bouygues (BOUYF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the BWIG Q1 2025 Results Conference Call. Please note this conference is being recorded and for the duration of the call your lines will be on listen only. However, you'll have the opportunity to ask questions at the end of the presentation. This can be done by pressing star 1 on your telephone keypad to register your question. If you require assistance at any point, please press star 0 and you'll be connected to an operator. I will now hand you over to Frédéric Delaveau, Head of Investor Relations, to begin today's conference. Thank you. Good morning, everyone, and thank you for joining us for the presentation of Bouygues' first quarter 2025 results. This presentation will be led by Pascal Granger, Deputy CEO and CFO of Bouygues Group. Pascal Granger is accompanied by Christian Lecoq, CFO of Bouygues Telecom. Following their presentation, they will be answering your questions. Pascal, I give you the floor. Thank you, Frédérique. Good morning, everyone. Before listing our highlights, I would like to point out that we had mentioned during the presentation of our 2024 results that the global microeconomic and geopolitical environment was uncertain. The first quarter of 2025 has not proven us wrong. Yet, I am pleased to say that we had a good start of the year. Therefore, first, we confirmed the group outlook for 2025. Second, group sales on COPPA in Q1 2025 were both up year on year. Third, excluding the exceptional income tax surcharge for large companies in France of 33 million euros, the net result attributable to the group was up year on year. I remind you that the effect on the net profit attributable to the Group of the French Finance Law and the Social Security Financing Law for the full year 2025, including mainly the exceptional income tax...