Half Year 2025 Bouygues SA Earnings Call Transcript

Jul 31, 2025 / 07:00 AM GMT

Release Date Price: €36.67 (-6.12%)

Transcript

Key Points

Positve

Bouygues (BOUYY) reported a slight increase in group sales for the first half of 2025, driven largely by the construction businesses.
The group's net debt decreased to €8.5 billion at the end of June 2025, compared to €8.7 billion at the same time last year, despite significant acquisitions.
Bouygues (BOUYY) has a strong backlog in construction, with a total of €33 billion, providing good visibility for future business.
The company is actively pursuing environmental initiatives, including a partnership for low-carbon cement technology and a new power purchase agreement for renewable energy.
Telecom operations showed strong performance in the fixed line business, with continued growth in fiber and a stable fixed ABPU.

Negative

The effective tax rate for the group was significantly high at 54% in the first half of 2025, impacted by additional taxes on large companies in France.
Equans experienced a slight decline in sales and order book, with noted delays in data center projects and a slowdown in the gigafactory market.
The telecom segment faced a competitive market, with challenges in both fixed and mobile segments, impacting growth.
Bouygues (BOUYY) is facing challenges in the real estate market due to the absence of tax incentives for individual investors in France.
The construction segment's performance is affected by seasonality, with the first half results not being fully representative of the full year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BOUY.PA - Bouygues SA
Half Year 2025 Bouygues SA Earnings Call
Jul 31, 2025 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Yeah.

It's online presentation of the group's interim first half results for 2025. Now this call will be recorded and I can assure you, I'd like to ask you to ensure that you are on your mics are turned off. At the end of the presentation, you will have the opportunity to ask questions. To do so, you press 5 on your phone or.

If you prefer, you can press press 0 to be directly in contact with a telephone operator.

I'm going to comment this morning's results with Pascal Grandre, and we will then take your questions at the end of the presentation, ourselves, of course, and the heads of the various business segments here with us this morning. Let's begin by the landmark events of the first half, 2025. And before going

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