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).