Bouygues Telecom posts 2.5% growth in revenues in 1Q20

14 May 2020

French conglomerate Bouygues Group has reported revenues of EUR7.219 billion (USD7.82 billion) for the three months ended 31 March 2020, a decrease of 9% from EUR7.933 billion in the year-ago period. The firm generated a net loss attributable to the group (excluding exceptional items) of EUR204 million in Q1 2020, compared to a net loss of EUR59 million reported in the corresponding period of 2019. The group reported, however, that its telecoms arm Bouygues Telecom ‘maintained strong commercial momentum despite a marked slowdown in net growth after the start of the lockdown in France’ with a 2.5% year-on-year rise in revenue, from EUR1.451 billion in 1Q19 to EUR1.487 billion in Q1 2020, while EBITDAaL decreased by EUR1 million in the period under review to EUR299 million, and CAPEX stood at EUR344 million (EUR303 million in 1Q19). The telecoms operator reported a net profit of EUR36 million for the first quarter of 2020, down from EUR53 million in the year-ago period. The group estimated that the COVID-19 pandemic impacted Bouygues Telecom’s sales by approximately EUR20 million in 1Q20, while operating profit was down by around EUR10 million.

In operational terms, Bouygues Telecom reported a total of 21.926 million subscribers at 31 March 2020 (up from 21.716 million at the end of 2019), including 18.010 million mobile customers (end-2019: 17.800 million) and 3.964 million fixed broadband subscribers (3.916 million). The operator claimed to have 1.100 million FTTH customers on its books at the end of 1Q20, up from one million at end-2019.

France, Bouygues Telecom