French conglomerate Bouygues Group has announced its financial results for the first nine months of 2014, reporting a marginal 1% year-on-year increase in consolidated revenues to EUR24.223 billion (USD30.16 billion) at 30 September 2014, while net profit attributable to the group increased by EUR180.0 million in the period under review to EUR728.0 million. Revenues generated by its telecoms arm Bouygues Telecom amounted to EUR3.294 billion, a 5% decline y-o-y on the EUR3.453 billion reported in 9M 2013. Bouygues’ EBITDA meanwhile decreased by EUR186.0 million, to EUR538.0 million in the nine months to end-September 2014, while operating profit stood at EUR60 million when factoring in non-current income of EUR86 million (USD432 million from litigation settlements less EUR346 million in provisions for adaptation costs).
In operational terms, Bouygues Telecom reported a total of 13.367 million subscribers at 30 September 2014, while its no-frills offer – dubbed ‘B&You’ – gained 78,000 net additions over the three month period to reach a total of 2.044 million subscribers by 30 September. Subscribers to Bouygues’ fixed broadband offerings also increased in the three months to 30 September 2014, by 104,000 new users, reaching a total of 2.319 million. Further, the company has announced that as at end-September 2014, 22% of its mobile customers subscribed to 4G Long Term Evolution (LTE) services.