Bouygues beats expectations

31 Aug 2007

French conglomerate Bouygues’ first-half operating profits beat analyst expectations, thanks partly to a rise in earnings at its telecoms unit, prompting the firm to nudge its full-year sales guidance higher, to EUR29 billion (USD39.6 billion) from EUR28.8 billion previously. Operating profit for the first half was EUR1.05 billion, up 22% from EUR862 million a year earlier, and net profit was EUR655 million, up 16% year-on-year from EUR565 million, on revenues that rose 10% year-on-year to EUR13.3 billion. The 1H EBITDA margin at the Bouygues Telecom division was 33.6%, up four percentage points from a year earlier. Communication services turnover grew by 6.2% year-on-year to EUR2.18 billion. At the end of June 2007 Bouygues claimed 8.81 million mobile subscribers, up from 8.3 million a year earlier.

France, Bouygues Telecom