Bouygues SA (BOUYY) Q2 2026 Earnings Call July 30, 2026 3:00 AM EDT
Company Participants
Olivier Roussat – Group Chief Executive Officer
Stéphane Stoll – Senior VP & CFO
Jerome Stubler – President of Equans
Benoît Torloting – CEO and Deputy GM Consumer & Pro market
Pierre Vanstoflegatte – Chief Executive Officer
Pierre-Eric Saint-Andre – Managing Director of Bouygues Construction
Etienne Jacolin
Conference Call Participants
Mollie Witcombe – Goldman Sachs Group, Inc., Research Division
Mathieu Robilliard – Barclays Bank PLC, Research Division
Nicolas Mora – Morgan Stanley, Research Division
Eric Ravary – CIC CIB, Research Division
Abhilash Mohapatra – BNP Paribas, Research Division
Rohit Modi – Citigroup Inc., Research Division
Presentation
Operator
Good morning, everyone, and welcome to the presentation of the first half 2026 results. Please note that this presentation will be recorded. You will be able to ask questions on the phone after the presentation. [Operator Instructions]
I give the floor to Olivier Roussat, who is the CEO of Bouygues Group.
Olivier Roussat
Group Chief Executive Officer
Thank you. Good morning, everyone. This is a busy day, and so we’re doing everything online to give people a chance to attend as many presentations as possible. I’ll give you this presentation. Stephane Stoll will come in at some point, and then we’ll be able to take questions together with all managers of this group. We start with Page 4. Now, let me remind you that this is a seasonal business and the performance of H1 are not representative of the annual performance, but the geopolitical environment is very uncertain and volatile. In spite of this, the group’s performance on H1 has been extremely robust.
Revenue is slightly down 1.3% on a constant ForEx. The COPA is up EUR 33 million at EUR 829 million. As we expected, the significant improvement in EQUANS’ COPA more than offsets the expected declines at TF1 and Bouygues
