Bouygues (BOUYF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to the presentation of the first half 2026 results. Please note that this presentation will be recorded. You will be able to ask questions on the phone after the presentation. To do so, click the link on the video, follow instructions, and then you can press pound on your keyboard. and you'll be on the waiting list I give the floor to Olivier Roussat who is the CEO of Bouygues Group Thank you. Good morning, everyone. This is a busy day, and so we're doing everything online to give people a chance to attend as many presentations as possible. I'll give you this presentation. Stephane Stoll will come in at some point, and then we'll be able to take questions together with all participants. Managers of this group. We start with page four. Now let me remind you that this is a seasonal business and the Thank you very much. at 829 million as we expected the significant improvement in and Francis Coppa more than offsets the expected declines at TF1 and Bouygues Telecom. The net income group share is significantly up compared to last year in spite of the impact for the second year running of the so-called one-off tax surcharge for large companies in France. is not the case. In any case, at the end of 2026, the net financial debt was reduced by 2 billion euros following the trend that we've had over the past two quarters. And a few words about the equance. Book to Bill found a new momentum in Q2 with an order book historically high, up 1.7 billion euros compared to June 2025. Equance's increased business in Q2 made it possible to catch up with a slow start in Q1. The profitability of Equance was 5.2% in H1, up 1.2% points over one year, and so we confirm the group's outlook for the year 2026. Let's move on to page 5 with key figures. Groups re...