Bouygues SA (EN) Earnings Call Transcripts

Bouygues SA's Latest Earnings Call - Q1 FY2026

In Q1 2026, Bouygues SA reported group sales of EUR 12.2 billion, down 3.2% year-on-year, primarily due to negative exchange effects and a decrease in activity at Equans. The current operating profit from activities (COPA) increased to EUR 77 million, reflecting resilience in operations despite a net loss attributable to the group of EUR 94 million, which improved by EUR 62 million year-on-year. Management confirmed the outlook for stable sales and maintained guidance for 2026, indicating confidence in future performance despite macroeconomic uncertainties.

Reported metrics

Guidance from management

Management confirmed the outlook for 2026, aiming for stable sales at constant exchange rates and maintaining current operating profit from activities at a record high level.

What management said

Thank you very much. Good morning, everyone, and thank you for joining us for the presentation of Bouygues' First Quarter 2026 results. This presentation will be led by Stephane Stoll, Senior Vice President and CFO of Bouygues Group. Stephane Stoll is accompanied by Christian Lecoq, CFO of Bouygues Telecom. Following their presentation, they will be answering your questions. Stephane, I'll now give you the floor.

On the deal, as you know, we've entered into exclusive negotiation on the 17th of April, so we are 3 weeks into these negotiations. The aim of this negotiation is to negotiate and finalize contractual documentation of -- for this transaction. These negotiations include a number of parameters including earn-out parameters, but significant other parameters, which we'll report on to in due course when this is finalized.

What analysts pressed on

Analysts expressed concerns regarding the impact of macroeconomic uncertainties on demand, particularly in the telecom sector. Questions were raised about the potential delays in the SFR deal and how inflation might affect Colas' margins moving forward.

Main topics on the call

• Revenue Decline — Group sales decreased by 3.2% year-on-year, attributed to negative exchange effects and a soft start at Equans. Management noted, "Half of the decrease being attributed to negative change effects at constant exchange rat...
• Improved COPA — The current operating profit from activities (COPA) rose to EUR 77 million, up EUR 8 million year-on-year, driven by Equans' performance. Management stated, "COPA was very resilient in Q1 2026, slightly up year-on-year."
• Net Debt Reduction — Net debt improved significantly to EUR 5.1 billion, a reduction of over EUR 2 billion year-on-year. Management highlighted, "This is a very good performance."
• Stable Backlog — The construction backlog stood at EUR 32.2 billion, providing visibility on future activities despite a 6% year-on-year decline. Management emphasized, "We are not worried at all about good construction activity this yea...

Read the full Bouygues SA transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Bouygues SA earnings call transcripts on record, spanning February 20, 2020 to July 30, 2026. Based on this history, Bouygues SA reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

EN

Exchange

ENXTPA

Country

FR

Sector

Industrials

Industry

Construction and Engineering

Calls on record

30

First call

February 20, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly