French conglomerate Bouygues Group has reported revenues of EUR15.162 billion (USD18 billion) for the six months ended 30 June 2017, an increase of 3% from EUR14.669 billion in the year-ago period. The firm generated a net profit attributable to the group (excluding exceptional items) of EUR240.0 million in H1 2017, a EUR268.0 million improvement from a net loss of EUR28.0 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 6.2% year-on-year rise in revenue, from EUR2.291 billion in 1H16 to EUR2.434 billion, and its EBITDA grew by EUR139.0 million in the period under review to EUR547.0 million, while CAPEX stood at EUR585 million (in line with full-year target of EUR1.2 billion). The telecoms operator reported net profit of EUR122 million in 1H17, up from a net loss of EUR12.0 million in the year-ago period.
In operational terms, Bouygues Telecom reported a total of 16.875 million subscribers at 30 June 2017 (up from 16.097 million three months earlier), including 13.641 million mobile customers (end-2016: 12.996 million) and 3.234 million fixed broadband subscribers (3.101 million). The operator claimed that it passed a total of 16.0 million fibre-optic premises by end-June 2017, corresponding to seven million additional fibre-to-the-home (FTTH) premises since end-December 2016, with 552,000 very high-speed customers at mid-2017.