Bouygues (BOUYF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the group BUIG Q1 2026 results call. For the first part of the conference call, you will be in listen-only mode. During the questions and answers session, you are able to ask questions by dialing pound key 5 on your telephone keypad. Now I will hand the conference over to Frédéric Delaveau, Head of Investor Relations. Please go ahead. Thank you very much. Good morning, everyone, and thank you for joining us for the presentation of BUIG's First quarter 2026 results. This presentation will be led by Stéphane Stoll, Senior Vice President and CFO of Bouygues Group. Stéphane Stoll is accompanied by Christian Lecoq, CFO of Bouygues Telecom. Following their presentation, they will be answering your questions. Stéphane, I now give you the floor. Thank you, Frédérique. Good morning, everyone, and thank you for attending. Before listing our highlights, I would like to point out that obviously the global macroeconomic and geopolitical environment has remained during this first quarter very uncertain and very volatile. And as always, Q1 results in our group are not indicative of first half of the year and fiscal year results due to usual seasonality, especially at Colas. That being said, I'm pleased to say that Q1 group results were quite solid. Therefore, we are in a position to confirm the group outlook for 2026. Entering details, group sales were down 3.2% year-on-year, half of the decrease being attributed to negative change effects at constant exchange rates. Group sales were only down 1.7% year-on-year. Group COPPA was very resilient in Q1 2026, slightly up year on year, but I remind you that group Q1 COPPA is not representative of annual results. Then we also recorded a usual negative net result attributable to the group, nevertheless strongly improvi...