For financial community

The Group wants to expand its business segments, which all operate on buoyant sectors, by carrying out carefully selected investments and targeted external growth transactions.

However, before being able to do this, we must ensure that our products and services remain competitive and that our profitability targets are met, which are both essential for our longterm viability. In this respect, we are implementing action plans in each of the Group’s business segments. At Bouygues Telecom, for example, we are rolling out the “Ambition 2026” plan that aims to boost margins whilst speeding up the roll-out of FTTH and 5G. These plans at the business segments, which are beginning to bear fruit, have opened up the way to a new stage – that of expansion. In 2021, the Group unveiled two largescale projects: the Equans purchase agreement and the proposed merger between TF1 and M6 . In addition, Colas acquired Destia, Finland’s leading road and rail infrastructure company. We grasped these three opportunities b because we believe they will allow us to boost our presence in stronggrowth sectors, acquire new expertise and gain a foothold in promising geographies.

These external growth transactions – which we all have a duty to make successful – must only form one part of our expansion, the other being organic growth. This second part, which is equally important, must be driven especially by innovation that aims to add ever increasing value added to our products and services, reduce our greenhouse gas emissions and preserve biodiversity.

The Group enjoys a number of major strengths, the diversity of its business segments in particular, which provides it with a high level of resilience, and its position in fast-growing markets. We aim to leverage these two drivers to continue to expand, increase our cash generation and create value for the benefit of our customers, our employees, our shareholders and, more broadly speaking, all our stakeholders.