French conglomerate Bouygues Group has reported revenues of EUR37.929 billion (USD40.96 billion) for the twelve months ended 31 December 2019, an increase of 7% from EUR35.555 billion in the year-ago period. The firm generated a net profit attributable to the group (excluding exceptional items) of EUR1.184 billion in 2019, down from a net profit of EUR1.308 billion reported in the corresponding period of 2018. The group reported that its telecoms arm Bouygues Telecom ‘maintained strong commercial momentum’ with a 13% year-on-year rise in revenue, from EUR5.344 billion in 2018 to EUR6.058 billion in 2019, while EBITDAaL grew by EUR147 million in the period under review to EUR1.411 billion, and CAPEX stood at EUR836 million (EUR865 million in 2018). The telecoms operator reported a net profit of EUR343 million in the twelve months to end-2019, down from EUR444 million in the year-ago period.
In operational terms, Bouygues Telecom reported a total of 21.716 million subscribers at 31 December 2019 (up from 20.027 million at the end of 2018), including 17.800 million mobile customers (end-2018: 16.351 million) and 3.916 million fixed broadband subscribers (3.676 million). The operator claimed to have one million FTTH customers on its books at the end of 2019, with around twelve million premises covered by fibre networks at that date; the operator has raised its end-2022 target to 22 million (20 million previously).