BOUYY - Bouygues SA (BOUYF) Q1 2024 Earnings Call Transcript
2024-05-11 07:30:22 ET
Bouygues SA (BOUYF)
Q1 2024 Earnings Conference Call
May 07, 2024, 03:00 AM ET
Company Participants
Pascal Grangé - Deputy CEO & CFO
Christian Lecoq - CFO of Bouygues Telecom
Conference Call Participants
Jakob Bluestone - BNP
Mollie Witcombe - Citi
Mathieu Robilliard - Barclays
Eric Ravary - CIC
Presentation
Operator
Hello and welcome to the Bouygues Q1 2024 Results Conference Call. My name is Laura and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call your lines will be on listen-only mode. [Operator Instructions]
I would like to introduce Pascal Grange, Deputy CEO and CFO of the Bouygues Group to begin today's conference. Thank you.
Pascal Grangé
Good morning everyone and thank you for joining us to discuss Bouygues first quarter 2024 results. With me today is Christian Lecoq, CFO of Bouygues Telecom. Following our presentation, we will be answering your questions.
Let's start with our highlights. First, I would start by saying that we confirm the group outlook for 2024. Second, the very solid backlog in the construction businesses provides visibility on activity. Third, Equans COPA and COPA margin improved year-on-year, in line with the strategic plan being deployed. Fourth, Bouygues Immobilier is pursuing its adaptation to the challenging market environment. I will come back later on this point. And last, the financial structure remains robust with a high liquidity and the net debt improving strongly compared to end March 2023....
Bouygues SA (BOUYF) Q1 2024 Earnings Call Transcript