Bouygues Telecom continues growth momentum in 1H21

26 Aug 2021

Paris-based Bouygues Group has reported revenues of EUR17.417 billion (USD20.47 billion) for the six months ended 30 June 2021, an increase of 18% from EUR14.758 billion in the year-ago period, driven by ‘robust commercial activity’ in all business segments. The firm generated a net profit attributable to the group (excluding exceptional items) of EUR408 million in 1H21, up from a loss of EU244 million reported in 1H20, mainly due to an EUR219 million contribution from Alstom. The group highlighted that its telecoms arm Bouygues Telecom ‘continued its growth momentum’ with a 14% year-on-year rise in revenue, from EUR3.042 billion in 1H20 to EUR3.471 billion in 1H21, while EBITDAaL increased by EUR47 million in the period under review to EUR758 million, and CAPEX stood at EUR582 million (EUR387 million for the period January-June 2020). The telecoms operator reported a net profit of EUR199 million for the six months to June 2021, up from EUR142 million in the year-ago period.

In operational terms, Bouygues Telecom reported a total of 25.660 million subscribers at 30 June 2021 (up from 22.918 million at the end of December 2020), including 21.366 million mobile customers (4Q20: 18.755 million) and 4.294 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 1.9 million FTTH customers on its books at the end of 1Q21, up from 1.6 million at end-2020, while the premises passed by its FTTH network increased to 20.9 million.

France, Bouygues Telecom