Bouygues reports growth in revenues, profit in 9M21

16 Nov 2021

Paris-based Bouygues Group has reported revenues of EUR27.517 billion (USD31.4 billion) for the nine months ended 30 September 2021, an increase of 10% from EUR24.948 billion in the year-ago period, with sales and operating results back to pre-crisis levels. The firm generated a net profit attributable to the group (excluding exceptional items) of EUR807 million in 9M21, up from a net profit of EUR283 million reported in 9M20, mainly due to an EUR219 million contribution from Alstom. The group highlighted that business momentum at its telecoms arm Bouygues Telecom ‘remained solid’ with a 13% year-on-year rise in revenue, from EUR4.675 billion in 9M20 to EUR5.273 billion in 9M21, while EBITDAaL increased by EUR78 million in the period under review to EUR1.201 billion, and CAPEX stood at EUR878 million (EUR615 million for the period January-September 2020). The telecoms operator reported a net profit of EUR325 million for the nine months to September 2021, up from EUR253 million in the year-ago period.

In operational terms, Bouygues Telecom reported a total of 25.970 million subscriptions at 30 September 2021 (up from 22.918 million at the end of December 2020), including 21.603 million mobile subscriptions (4Q20: 18.755 million) and 4.367 million fixed broadband subscriptions (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 2.1 million FTTH subscriptions on its books at the end of 3Q21, up from 1.6 million at end-2020, while the premises passed by its FTTH network increased to 22.5 million.

France, Bouygues Telecom