Half-year 2025 results on track - Full Year 2025 targets confirmed
H1 2025 Results
August 1, 2025 – 8:00 a.m. CET, Paris

Philippe Salle
Chief Executive Officer
"In a challenging environment, I commend our teams' determination to roll out the Genesis transformation plan without delay. The Group's proactive cost optimization efforts are already beginning to bear fruit, as evidenced by our half-year results: our operating margin improved by more than 15% year-on-year, and a positive momentum is building, which we intend to maintain. Our limited cash consumption reflects our disciplined approach to liquidity management, and we are seeing growing interest from our customers in the Group's strategic refocusing.
We have also taken another significant step towards the divestiture of our Advanced Computing business with the signing of a share purchase agreement with the French government. We are entering the second half of the year and beyond with confidence and a clear priority: executing our strategy. We remain fully committed to achieving our targets for the full year 2025 and our longer-term financial ambition.
Read our press release
H1 2025 results in line with expectations - 2025 annual targets confirmed
Infography
Capital structure & liquidity
- KAM organization & key account focus
- Industry - Where to invest
- Bid Excellence
- M&A
Cash outlook & refinancing
- Culture & Talents
- Bonus Scheme and LTI
Performance & profitability
- Reinforce or Exit
Credit rating & risk management
- Business Lines / Offers - Where to Invest
- Contract Review - Low profitability contract
- Practice Turnaround
Revenue
-17.4% yoy. organic
Operating Margin
2.8% of revenues +15% yoy organically
Order Entry
Book-to-bill ratio: 83% (up from 73% in H1 2024)
Free Cash Flow
before debt repayment M&A & FX
(including €-154m restructuring) Vs €-593 m in H1 2024
Net Debt
(excl. IFRS 9 fair value treatment)
Vs €1,238 m at Dec 31, 2024
Liquidity
At June 30, 2025
Dive deeper
Access the H1 25 presentation:
Access our H1 25 financial report: