French conglomerate Bouygues Group has reported flat revenues of EUR6.83 billion (USD8.1 billion) for the three months ended 31 March 2018, though turnover was up 2% year-on-year on a like-for-like basis and at constant rates. Bouygues generated a net profit attributable to the group (excluding exceptional items) of EUR12 million in 1Q18, an EUR53 million improvement from a net loss of EUR41 million twelve months earlier. The group reported that its telecoms arm Bouygues Telecom ‘continued its good commercial performance’ and recorded a ‘sharp improvement in its financials’ with a 5.9% y-o-y rise in revenue, from EUR1.21 billion in 1Q17 to EUR1.28 billion in the corresponding period of 2018, while EBITDA grew by EUR28 million in the period under review to EUR247 million, and CAPEX stood at EUR224 million. The telecoms operator reported net profit of EUR68 million in 1Q18, up from a net profit of EUR14 million in the year-ago period.
In operational terms, Bouygues Telecom reported a total of 14.84 million mobile subscribers at 31 March 2018, including eight million 4G customers (7.2 million at end-March 2017). The operator claimed to have 329,000 fibre-to-the-home (FTTH) subscribers by the end of March 2018, with 3.49 million broadband subscribers overall.