Bouygues Telecom reports ‘sharp improvement’ in financials in 1Q17

17 May 2017

French conglomerate Bouygues Group has reported revenue of EUR6.85 billion (USD7.6 billion) for the three months ended 31 March 2017, an increase of 5% from EUR6.53 billion in the year-ago quarter. The firm generated a net loss attributable to the group (excluding exceptional items) of EUR30.0 million in the first quarter of 2016, a 78.1% improvement from a loss of EUR137.0 million twelve months earlier. The group reported that its telecoms arm Bouygues Telecom continued its good commercial performance and saw a ‘sharp improvement’ in its financial results. In the period under review, Bouygues Telecom recorded a 6.0% year-on-year rise in revenue, from EUR1.13 billion in 1Q16 to EUR1.22 billion, and its EBITDA grew by EUR97.0 million in the twelve-month period to EUR243.0 million. The telecoms operator reported net profit of EUR18 million in Q1 2017, up from a net loss of EUR40.0 million in the year-ago period.

In operational terms, Bouygues Telecom reported a total of 16.55 million subscribers at 31 March 2017 (up from 16.07 million three months earlier), including 13.36 million mobile customers (end-2016: 13.00 million) and 3.19 million fixed broadband subscribers (3.10 million). The operator claimed that it passed a total of 13.0 million fibre-optic premises by end-March 2017, corresponding to four million additional fibre-to-the-home (FTTH) premises since end-December 2016, of which three million were located in less-densely populated areas and one million in public initiative networks (PINs).

France, Bouygues Telecom