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2025 Half-Year Earnings Report

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Earnings for the first half of the year reflect solid trends across the Group’s businesses, with the exception of telecommunications in France

  • Revenue of €467.4 million for the first half of the year (-9.7%)
  • Adjusted EBITDA margin of 6.7%, down 60 bps due to current pressure in telecommunications in France, partially offset by improvements across the rest of the Group
  • Solid financial structure maintained, with net financial debt limited to €56.1 million

Excluding the Connectivity business in…

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