Bouygues Telecom’s profit surges to EUR169m in 2016

23 Feb 2017

French conglomerate Bouygues Group has reported revenue of EUR31.768 billion (USD33.5 billion) for the twelve months to 31 December 2016, a decrease of 2% from EUR32.428 billion in the year-ago period. The firm generated a net profit attributable to the group (excluding exceptional items) of EUR632.0 million in the period under review, a 29% improvement from the EUR489.0 million twelve months earlier. Its telecoms arm, Bouygues Telecom, meanwhile, recorded a 6% year-on-year rise in revenue from EUR4.505 billion in 2015 to EUR4.761 billion, while its EBITDA grew by EUR164 million in the twelve-month period to EUR916 million. Bouygues Telecom reported operating profit of EUR169.0 million for the twelve months to end-December (up by EUR303 million from a loss of EUR134 million in 2015), after non-current charges of EUR84 million (related to the rollout of network sharing with the SFR Group) and a non-current gain of EUR104 million (due to the sale of 230 towers to Cellnex). The telecoms operator’s net profit reached EUR83.0 million in 2016, up from a net loss of EUR59.0 million in the year-ago period.

In operational terms, Bouygues Telecom reported a total of 16.097 million subscribers at 31 December 2016 (up from 14.678 million twelve months earlier), including 12.996 million mobile customers (11.890 million at end-2015) and 3.101 million fixed broadband subscribers (2.788 million). The operator claimed a total of 6.9 million 4G LTE users at December 2016, equivalent to 65% of its mobile base (excluding machine-to-machine [M2M]).

France, Bouygues Telecom