French conglomerate Bouygues Group has reported revenues of EUR14.758 billion (USD17.44 billion) for the six months ended 30 June 2020, a decrease of 15% from EUR17.446 billion in the year-ago period. The firm generated a net loss attributable to the group (excluding exceptional items) of EUR244 million in H1 2020, compared to a net profit of EUR225 million reported in the corresponding period of 2019. The group reported, however, that its telecoms arm Bouygues Telecom ‘maintained its good commercial momentum over the first half of 2020’ with a 4% year-on-year rise in revenue, from EUR2.913 billion in 1H19 to EUR3.042 billion in H1 2020, while EBITDAaL increased by EUR58 million in the period under review to EUR711 million, and CAPEX stood at EUR387 million (EUR454 million in 1H19). The telecoms operator reported a net profit of EUR142 million for the first half of 2020, down from EUR150 million in the year-ago period.
The group highlighted that Bouygues Telecom will continue to maintain a high level of investment in order to strengthen the quality of its networks against a backdrop of a continued increase in usage. It is therefore revising its objectives for 2020, with growth in sales from services estimated at around 4% for full 2020, despite the sharp decline in roaming sales due to COVID-19, gross CAPEX of EUR1.2 billion and free cash flow of around EUR250 million.
In operational terms, Bouygues Telecom reported a total of 22.167 million subscribers at 30 June 2020 (up from 21.716 million at the end of 2019), including 18.178 million mobile customers (end-2019: 17.800 million) and 3.989 million fixed broadband subscribers (3.916 million). The operator claimed to have 1.200 million FTTH customers on its books at the end of 2Q20, up from one million at end-2019.