Bouygues (BOUYF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the Group Week 9 Month 2025 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 Frederick DeLavo, Head of Investor Relations. Please go ahead. Good morning, everyone, and thank you for joining us for the presentation of BRICS 9 Months 2025 Results. This presentation will be led by Pascal Granger, Deputy CEO of the BRICS Group, Stéphane Stoll, who, as you know, was appointed CFO of the BRICS Group beginning of August, and Christian Lecoq, CFO of BRIC Telecom. Following their presentation, they will be answering your questions. Pascal, I let you start this call. Thank you, Frédérique, and good morning, everyone. Before listing our highlights, I would like to recall that, as we have already mentioned since the beginning of the year, the global microeconomic and geopolitical environment remains very uncertain, notably in France. That being said, I want to highlight that the Group expects for 2020 a slight increase in sales year-on-year, excluding exchange rate effects, and a slight increase in COPPA year-on-year. These expectations are reflected in the Group's 9-month results that are strong. Looking at the main indicators for the 9 months, we can see that, first, Group sales were up 0.9% year-on-year, notably driven by the construction businesses. Two-three group sales were stable year-on-year, given forex, which had an impact of around minus 50 million euros over the quarter. Second, COPPA increase year-on-year was notable in the first nine months 2025. The increase was driven by the construction businesses and equants. So, excluding the exceptional inc...