Bouygues (BOUYF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good morning. We may as well start now, a few seconds ahead of schedule. We have a little video by way of introduction. But before this, I would like to say a few words about the setting up of our construction division. Well, more to the point, we are bringing within our group the three businesses involved in construction. So we decided to have this division because it enables us to generate revenue synergies, and it can also boost both the sales and the profitability of our businesses. We do have some differentiation in governance. Pascal Minot, who was chair of the board CEO, Minot is now chair, and Pascal Le Saint-André becomes CEO, managing director, as it were. He was in charge of Bâtiments International. At Colas, we appointed Pascal Minot as chairman of the board, and Pierre Van Soeflegat is now CEO. And at Bouygues Immobilier, as you know, We had already distinguished between the chair and the CEO, Pascal being the chair of the board and Emmanuel de Maizière becoming the CEO of Bouygues Immobilier. So at the construction division, the head is Pascal, Pascal Minot, who chairs each of the boards of each of the three BUs. And so let's move on to our little new institutional video. Off we go. I'm serving on board as the second officer or second mate. I'm working for the typical maritime fleet of the typical asphalt company. We mainly focus on transporting the bitumen. Maximum loading is 10,400 tons. The final use of this product mainly focuses on the road creation as well as the airport runway. The life on the sea is just kind of the challenge. We live as a family and we live as the brand of brothers. I like my job. I love the adventure. I've been working on this project now for nearly eight years. This is definitely the biggest project I've ever worked on...