French conglomerate Bouygues Group has announced its financial results for the twelve months of 2015, reporting a 2% drop in revenues to EUR32.428 billion (USD35.7 billion) by 31 December 2015, while net profit attributable to the group (excluding exceptional items) halved to EUR403.0 million in the period under review from EUR807 million in 2014. Revenues generated by its telecoms arm Bouygues Telecom amounted to EUR4.505 billion, a 2% improvement y-o-y on the EUR4.432 billion reported in 2014. Bouygues Telecom’s EBITDA meanwhile increased by EUR58.0 million, to EUR752.0 million in the twelve months to end-December 2015, while the operator reported a current operating loss of EUR11 million, a EUR58 million improvement on the EUR65 million loss in 2014.
According to the group’s 2016 outlook, Bouygues Telecom plans to save at least EUR400 million in 2016, while capital expenditure is expected to reach EUR750-EUR800 million in 2016. Going forward, the company is targeting EBITDA margin of 25% in 2017.
In operational terms, Bouygues Telecom reported a total of 14.678 million subscribers at 31 December 2015, with more than one million net additions in the period under review. Subscribers to Bouygues’ mobile services reached 11.890 million, up by 769,000 from 11.121 million in 2014, while fixed broadband users increased by 360,000 new users to a total of 2.788 million. The company had 5.1 million 4G users at end-December 2015, representing 51% of the mobile base (excluding machine-to-machine [M2M]), compared to 32% at end-2014.