Bouygues (BOUYF) Q3 2025 Earnings Call

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WEBVTT 00:00:01.448 -- 00:00:06.175 Hello, and welcome to the Group Week 9 Month 2025 Results Call. 00:00:06.175 -- 00:00:10.122 For the first part of the conference call, you will be in listen-only mode. 00:00:10.122 -- 00:00:14.849 During the questions and answers session, you are able to ask questions by dialing pound 00:00:14.849 -- 00:00:19.957 key 5 on your telephone keypad. Now I will hand the conference over to Frederick DeLavo, 00:00:19.957 -- 00:00:23.673 Head of Investor Relations. Please go ahead. 00:00:23.673 -- 00:00:28.880 Good morning, everyone, and thank you for joining us for the presentation of BRICS 00:00:28.880 -- 00:00:32.325 9 Months 2025 Results. 00:00:32.325 -- 00:00:37.351 This presentation will be led by Pascal Granger, Deputy CEO of 00:00:37.351 -- 00:00:42.919 the BRICS Group, Stéphane Stoll, who, as you know, was appointed CFO 00:00:42.919 -- 00:00:48.346 of the BRICS Group beginning of August, and Christian Lecoq, CFO 00:00:48.346 -- 00:00:53.642 of BRIC Telecom. Following their presentation, they will be answering 00:00:53.642 -- 00:00:58.488 your questions. Pascal, I let you start this call. 00:00:58.488 -- 00:01:01.112 Thank you, Frédérique, and good morning, everyone. 00:01:01.112 -- 00:01:03.112 Before 00:01:03.275 -- 00:01:08.762 listing our highlights, I would like to recall that, as we have already mentioned 00:01:08.762 -- 00:01:14.050 since the beginning of the year, the global microeconomic and geopolitical environment 00:01:14.050 -- 00:01:18.376 remains very uncertain, notably in France. 00:01:18.376 -- 00:01:24.065 That being said, I want to highlight that the Group expects for 2020 00:01:24.065 -- 00:01:29.593 a slight increase in sales year-on-year, excluding exchange rate effects, 00:01:29.593 -- 00:01:33.078 and a slig...