Bouygues (BOUYF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.160 online presentation of the WIG Group's interim first half results 00:00:05.160 -- 00:00:10.308 for 2025. Now this call will be recorded and I can assure you, I'd like to ask 00:00:10.308 -- 00:00:13.170 you to ensure that your 00:00:13.554 -- 00:00:17.500 mics are turned off. At the end of the presentation you will have the opportunity to 00:00:17.500 -- 00:00:21.624 ask questions. To do so you press star 00:00:22.309 -- 00:00:27.429 5 on your phone or If you prefer, you can press 00:00:27.429 -- 00:00:31.896 star zero to be directly in contact with a telephone operator. 00:00:31.896 -- 00:00:37.103 I'm going to comment this morning's results with Pascal Granger, and we will then take 00:00:37.103 -- 00:00:40.688 your questions at the end of the presentation, ourselves, 00:00:40.688 -- 00:00:45.755 of course, and the heads of the various business segments here with us this morning. 00:00:45.755 -- 00:00:51.607 Let's begin by the landmark events of the First half 2025. 00:00:51.607 -- 00:00:56.631 Before going to the details here, I should remind you that when we presented 00:00:56.631 -- 00:01:01.576 our first quarter results, we reminded you that the macroeconomic and geopolitical environments 00:01:01.576 -- 00:01:06.861 remain very unstable. That said, the results for the first half year are good, 00:01:06.861 -- 00:01:10.625 strong, so we can confirm the outlook for the group for 2025. 00:01:10.625 -- 00:01:15.749 Now, if we look at the main indicators for the first half year, what 00:01:15.749 -- 00:01:20.305 we find is, first of all, the group sales figure is up slightly. 00:01:20.305 -- 00:01:24.034 over 12 months, thanks largely to the construction businesses. 00:01:24.034 -- 00:01:29.025 Secondly, the group's COPPA is up q...