French conglomerate Bouygues Group has reported revenues of EUR7.933 billion (USD8.9 billion) for the three months ended 31 March 2019, an increase of 16% from EUR6.826 billion in the year-ago period. The firm generated a net loss attributable to the group (excluding exceptional items) of EUR59 million in 1Q19, down from a net profit of EUR14 million reported in the corresponding period of 2018. Nonetheless, the group reported that its telecoms arm Bouygues Telecom ‘recorded a very good commercial performance in the first quarter of 2019 and robust growth in its financial results’ with a 13% year-on-year rise in revenue, from EUR1.281 billion ar 31 March 2018 to EUR1.451 billion in 1Q19, while EBITDA grew by EUR50 million in the period under review to EUR300 million, and CAPEX stood at EUR327 million. The telecoms operator reported a net profit of EUR53 million in Q1 2019, down from a net profit of EUR70 million in the year-ago period.
In operational terms, Bouygues Telecom reported a total of 20.554 million subscribers at 31 March 2019 (up from 20.027 million at the end of 2018), including 16.809 million mobile customers (end-2018: 16.351 million) and 3.735 million fixed broadband subscribers (3.676 million). The operator claimed to have 663,000 FTTH customers on its books at the end of March 2019.