Bouygues Telecom reports 11% decline in revenues in 2013

26 Feb 2014

French conglomerate Bouygues Group has announced its financial results for full year 2013, reporting flat consolidated revenues of EUR33.345 billion (USD45.812 billion), a marginal one percentage point decrease year-on-year on the EUR33.547 billion reported in 2012. Although Bouygues pointed out that net profit attributable to the group was EUR647 million, the write-down of EUR1.404 billion against Bouygues’ investment in Alstom resulted in net loss for the twelve months of EUR757 million. Revenues generated by its telecoms arm Bouygues Telecom amounted to EUR4.664 billion, an 11% decline on the EUR5.226 billion reported in 2012. In the period under review, EBITDA also decreased, by 3% to EUR880 million, despite the ‘effectiveness of the transformation plan’, which has contributed to savings on mobile costs of around EUR599 million since early 2012.

In operational terms, Bouygues Telecom reported a total of 11.143 million subscribers at 31 December 2013, down by 108,00 over twelve months due to the price war in the market, while its no-frills offer gained 726,000 net additions over twelve months to reach a total of 1.750 million subscribers by 31 December. Subscribers to Bouygues’ fixed broadband offerings also increased, by 72,000 new users in the period under review, reaching a total of 2.013 million in 4Q13.

France, Bouygues Telecom