25 Feb 2015
French conglomerate Bouygues Group has announced its financial results for the twelve months of 2014, reporting flat revenues of EUR33.138 billion (USD37.70 billion) at 31 December 2014, while net profit attributable to the group (excluding exceptional items) decreased by EUR158.0 million in the period under review to EUR492.0 million. Revenues generated by its telecoms arm Bouygues Telecom amounted to EUR4.432 billion, a 5% decline y-o-y on the EUR4.664 billion reported in 2013. Bouygues Telecom’s EBITDA meanwhile decreased by EUR186.0 million, to EUR694.0 million in the twelve months to end-December 2014, while the operator reported operating loss of EUR62 million when factoring in non-current income of EUR3 million (EUR400 million from litigation settlements less EUR397 million in provisions for adaptation costs).
According to the group’s 2015 outlook, Bouygues Telecom’s EBITDA should remain stable in 2015, ‘with capital expenditure rising slightly as the company implements the agreement to share part of the mobile network with the Numericable-SFR group and expands its fixed network’. Further, the sharing agreement could generate non-current charges of around EUR200 million, which will affect the group’s operating profit in 2015.
In operational terms, Bouygues Telecom reported a total of 13.549 million subscribers at 31 December 2014, with 73,000 net additions in the period under review. Subscribers to Bouygues’ fixed broadband offerings also increased, by 415,000 new users, reaching a total of 2.428 million. Further, the company has announced that as at end-December 2014, 28% of its mobile customers subscribed to 4G Long Term Evolution (LTE) services.