Bouygues Telecom reports 13% decline in revenue to EUR3.45bn in 3Q13

14 Nov 2013

French conglomerate Bouygues Group has announced its financial results for the third quarter of 2013, reporting flat consolidated revenues of EUR9.048 billion (USD12.181 billion) at 30 September 2013, while net profit attributable to the group increased by EUR74.0 million year-on-year to EUR360.0 million. Revenues generated by its telecoms arm Bouygues Telecom amounted to EUR3.453 billion, a 13% decline year-on-year on the EUR3.951 billion reported in 3Q12. In the period under review, however, Bouygues’ EBITDA increased by EUR10.0 million to EUR258.0 million, mainly attributed to the ‘effectiveness of the transformation plan’, which has contributed to savings on mobile costs of around EUR455 million since the end of 2011.

In operational terms, Bouygues Telecom reported a total of 11.094 million subscribers at 30 September 2013, while its no-frills offer — dubbed ‘B&You’ — gained 332,000 net additions over twelve months to reach a total of 1.634 million subscribers by 30 September. Subscribers to Bouygues’ fixed broadband offerings also increased, by 95,000 new users in the period under review, reaching a total of 1.941 million in 3Q13. Further, the company has announced that as at end-September 2013, it had a total of 500,000 active 4G Long Term Evolution (LTE) subscribers on its books.

France, Bouygues Telecom