Bouygues Telecom reports a 17% increase in revenues in 1Q21

20 May 2021

French conglomerate Bouygues Group has reported revenues of EUR7.742 billion (USD9.45 billion) for the three months ended 31 March 2021, an increase of 7% from EUR7.219 billion in the year-ago period. The firm generated a net profit attributable to the group (excluding exceptional items) of EUR21 million in 1Q21, up from a loss of EU204 million reported in 1Q20. The group highlighted that the ‘good commercial momentum [of its telecoms arm Bouygues Telecom] was reflected in its sales performance’ with a 17% year-on-year rise in revenue, from EUR1.487 billion in 1Q20 to EUR1.743 billion in 1Q21, while EBITDAaL increased by EUR31 million in the period under review to EUR330 million, and CAPEX stood at EUR269 million (EUR344 million in March 2020). The telecoms operator reported a net profit of EUR80 million for the three months to March 2021, up from EUR36 million in the year-ago period.

In operational terms, Bouygues Telecom reported a total of 25.303 million subscribers at 31 March 2021 (up from 22.918 million at the end of March 2020), including 21.043 million mobile customers (1Q20: 18.755 million) and 4.260 million fixed broadband subscribers (4.163 million). The increase in mobile subscriptions was mainly attributed to the integration of Euro-Information Telecom (EI Telecom), which was acquired by Bouygues Telecom in December 2020. The operator claimed to have 1.8 million FTTH customers on its books at the end of 1Q21, up from 1.6 million at end-2020.

France, Bouygues Telecom