In 2025, Equans will continue to roll out its strategic Plan. It is targeting: 

• Continued organic sales growth;
• A margin from activities close to 4%;
• A cash conversion rate (COPA-to-cash flow1 ) before working capital requirement (WCR) of between 80% and 100%. 

As a reminder, Equans aims to gradually catch up with the organic growth of sector peers and to achieve a margin from activities (COPA margin) of 5% in 2027.