Bouygues reports solid FY2009 results

3 Mar 2010

France’s Bouygues Telecom posted a 5% increase in gross revenues to EUR5.368 billion in 2009, on the back of a 4% year-on-year rise in sales from network services to EUR4.863 billion. The telco said that excluding the impact of a reduction in voice termination rates, its turnover from network sales would have been up 6%. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the operator was EUR1.344 billion, down 4% year-on-year, due to costs relating to ‘commercial performance’, the development of the unit’s fixed line business, new taxes and fees, and the reduction in the call termination rate differential. Net profit for the year decreased 12% y-o-y to EUR471 million.

Nonetheless, Bouygues Telecom reported what it claims was ‘an excellent commercial performance’ in 2009, both in its mobile and fixed line businesses. The operator attracted a net 758,000 new mobile customers last year, equivalent to 22% of net market growth for the year, for an end-year total of 10.352 million. The proportion of people on a monthly contract also improved, climbing 1.4 percentage points in the year to 76.6%, it said, or 7.926 million. Meanwhile, the group’s fixed line division added a net 138,000 new additions in the fourth-quarter alone and boasted 311,000 active Bbox routers by 31 December 2009.

France, Bouygues Telecom