H1 2025 results
- H1 2025 revenues of €11,107 million, -0.3% year-on-year on a reported basis
- Growth at constant exchange rates* of +0.2% in H1 and +0.7% in Q2
- Operating margin* at 12.4%, stable year-on-year
- Organic free cash flow* of €60 million
- Updated 2025 financial targets
- Constant currency revenue growth of -1.0% to +1.0% (was -2.0% to +2.0%);
- Operating margin of 13.3% to 13.5% (unchanged);
- Organic free cash flow of around €1.9 billion (unchanged).
- Share buyback program of €2 billion
Aiman Ezzat, Chief Executive Officer, accompanied by Nive Bhagat, Chief Financial Officer, will comment on this publication during a conference call in English on July 30th at 8:00am CEST (7:00am BST)
You can follow this conference call live via webcast below. A replay will also be available for a period of one year.