The H1 2025 results confirm the momentum initiated in 2024: steady and above all profitable growth, supported by a further improvement in our operating profitability and net margin. This performance, achieved in a challenging economic environment (geopolitical tensions, shifting U.S. trade policy, and currency fluctuations), demonstrates the resilience and robustness of our business model. With our expanded international footprint, notably in Brazil following the acquisition of Pirobras, our recognized industrial expertise, and our strong innovation capabilities, we are fully confident in the continuation of sustainable, value-creating growth.
Olivier ObstCEO
