Eiffage Sa Unsp/Adr (EFGSY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening all, and welcome to this presentation of the half-year results of Eiffage. As you have seen in the opening, the project of the substation OSS Jasmine for the wind farm, wind dunker, and the Baltic Sea, implemented by consortium HSM Offshore Energy, Smulders and IV. The know-how of HSM and Smulders are very complimentary, and we have grabbed the opportunity to reacquire AI system offshore energy while we had already four projects in common and that the teams know each other well. This acquisition strengthened our presence as constructor of the market of substations very dynamic in Europe. Let's move to the highlights of the first half year. It went very well according to our expectations and confirms our outlook for 2025. As expected, organic growth goes on to contribute to the growth of the group, plus the external growth. As announced, the construction division, in spite of a downturn at the first quarter, is back to growth as of end of June. This half year signs again a very strong growth in Europe, outside of France, to a rate of 17.4%, 17.4%. Commercial activity remains important on all our business lines. Recovery plans in some countries in Europe, especially in Germany, will absolutely support and amplify the development of our activities. The strong multi-annual visibility acquired last year remains present, as illustrated by our order book, always at its highest, and which has been strengthened again. Construction site. The half-year was marked by intake of orders very diversified in size in all of our countries of operation. Good example of emblematic contract, the design-build project of Frontex headquarters in Poland. 69,000 square meters building that will welcome 2,000 employees. Project will there, on the expertise of DEFOR, Polish subsidia...