Bouygues (BOUYF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

online presentation of the WIG Group's interim first half results for 2025. Now this call will be recorded and I can assure you, I'd like to ask you to ensure that your mics are turned off. At the end of the presentation you will have the opportunity to ask questions. To do so you press star 5 on your phone or If you prefer, you can press star zero to be directly in contact with a telephone operator. I'm going to comment this morning's results with Pascal Granger, and we will then take your questions at the end of the presentation, ourselves, of course, and the heads of the various business segments here with us this morning. Let's begin by the landmark events of the First half 2025. Before going to the details here, I should remind you that when we presented our first quarter results, we reminded you that the macroeconomic and geopolitical environments remain very unstable. That said, the results for the first half year are good, strong, so we can confirm the outlook for the group for 2025. Now, if we look at the main indicators for the first half year, what we find is, first of all, the group sales figure is up slightly. over 12 months, thanks largely to the construction businesses. Secondly, the group's COPPA is up quite sharply over the year. This was driven mostly by equines and the construction businesses. That's not including the one-off contribution to tax on profits in France. The net income group share was up last year. May I remind you that the impact of the Budget Act and the social welfare funding law for 2025 have had an impact on our accounts, a burden I should say, €100 million, approximately, mainly driven by the additional tax on companies. Finally, at the end of June 2025, our net debt was below the level at the same time last year, and included ap...