Bouygues (BOUYF) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:02.056 -- 00:00:06.842 Hello and welcome to the group BUIG Q1 2026 results call. 00:00:06.842 -- 00:00:10.687 For the first part of the conference call, you will be in listen-only mode. 00:00:10.687 -- 00:00:15.412 During the questions and answers session, you are able to ask questions by dialing pound 00:00:15.412 -- 00:00:20.579 key 5 on your telephone keypad. Now I will hand the conference over to Frédéric Delaveau, 00:00:20.579 -- 00:00:24.781 Head of Investor Relations. Please go ahead. 00:00:25.324 -- 00:00:31.292 Thank you very much. Good morning, everyone, and thank you for joining us for the presentation 00:00:31.292 -- 00:00:33.985 of BUIG's First quarter 2026 00:00:33.985 -- 00:00:39.011 results. This presentation will be led by Stéphane Stoll, Senior 00:00:39.011 -- 00:00:44.156 Vice President and CFO of Bouygues Group. Stéphane Stoll is accompanied 00:00:44.156 -- 00:00:48.180 by Christian Lecoq, CFO of Bouygues Telecom. 00:00:48.180 -- 00:00:52.505 Following their presentation, they will be answering your questions. 00:00:52.505 -- 00:00:56.587 Stéphane, I now give you the floor. 00:00:56.589 -- 00:01:01.135 Thank you, Frédérique. Good morning, everyone, and thank you for attending. 00:01:01.135 -- 00:01:07.263 Before listing our highlights, I would like to point out that obviously the global macroeconomic 00:01:07.263 -- 00:01:12.310 and geopolitical environment has remained during this first quarter 00:01:12.310 -- 00:01:15.592 very uncertain and very volatile. 00:01:15.675 -- 00:01:20.681 And as always, Q1 results in our group are not indicative of 00:01:20.681 -- 00:01:26.910 first half of the year and fiscal year results due to usual seasonality, 00:01:26.910 -- 00:01:31.987 especially at Colas. That being said, I'm pleased to say that...