November 5, 2025
Third-quarter revenue of €216.8 million, down slightly by -3.9%
- Continued sequential improvement quarter after quarter (-12.3% in Q1, -6.7% in Q2)
Excluding Connectivity in France, Group revenue up by +3.4% in Q3
- Energy up +30.8% (+47.5% in France), representing 22% of Group’s Q3 revenue
- Resumption of fiber roll-out activities in Belgium
- Germany: revenue up by +10.1%
- Other Countries segment: strong growth in Italy (+22.3%), continued rationalization in Spain and the United Kingdom
Connectivity business in France (14% of Group revenue): accelerated adaptation measures
- Revenue down -32.1% in Q3
- Transformation of the operating model underway, with effects expected in early 2026
