BOUYGUES (EPA:EN) BOUYGUES : Sales for the first nine months of 2010 stable at €23.1 billion

Transparency directive : regulatory news

09/11/2010 17:46

Paris, 9 November 2010

                          Bouygues press release

                      Quarterly financial information

      Sales for the first nine months of 2010 stable at EUR23.1 billion

1) Sales

In the first nine months of 2010, the Bouygues group reported consolidated sales
of EUR23.1 billion, stable compared with the previous year and down 3%
like-for-like and at constant exchange rates.

                                                  Change like-for-
Sales by business area  9-month  9-month    %         like and
(EUR million)              2009      2010   change     at constant
                                                   exchange rates

Bouygues Construction    7,133     6,801    -5%          -7%
Bouygues Immobilier      2,154     1,769   -18%         -18%
Colas                    8,684     8,785    +1%          -2%
TF1                      1,628     1,826   +12%         +11%
Bouygues Telecom         3,960     4,146    +5%          +5%
Holding company and other  104        99    ns           ns
Intra-Group elimination   (495)     (359)   ns           ns
Total                   23,168    23,067     =           -3%
  o/w France            15,924    15,838    -1%          -1%
  o/w international      7,244     7,229     =           -5%

Sales at Bouygues Construction were in line with the target for the year at
EUR6,801 million, down 5% (-6% in France and -3% internationally).
Order intakes in the first nine months totalled EUR8.7 billion, up 34% on
end-September 2009. They include in particular the Singapore Sports Hub
contract, worth EUR750 million.
The order book rose to a record EUR14.3 billion, up 19% on end-December 2009 and
up 25% on end-September 2009.

As expected, sales at Bouygues Immobilier were hit mainly by the completion of
major office projects and also by the fall in residential property reservations
in 2008. Sales amounted to EUR1,769 million at end-September 2010, down 18% (-4%
for residential property and -45% for commercial property).
Business activity remained strong in the residential property segment, with
reservations rising 32% to EUR1,658 million. Commercial property reservations
were low in a market which is at a cyclical low. Overall, reservations at
end-September 2010 were up 26% at EUR1,729 million.
The order book was stable on end-June 2010 at EUR2.2 billion.

Sales at Colas amounted to EUR8,785 million, up 1% (1% in France and 2%
internationally). The sales figure benefited from positive exchange rate and
consolidation scope effects, notably with the integration of Société de la
Raffinerie de Dunkerque from 1 July 2010. Like-for-like and at constant exchange
rates, nine-month sales were therefore down 2% (-1% in France and -4%
internationally), continuing the trend in the first half of the year.
The order book at end-September 2010 was virtually stable on end-September 2009,
at EUR6.6 billion.

Sales at TF1 rose 12% to EUR1,826 million, driven by the recovery of the
advertising market and growth in diversification activities. This figure
includes sales of TMC and NT1, fully consolidated from 1 July 2010.

Bouygues Telecom reported a 5% increase in overall sales to EUR4,146 million and
a 4% rise in sales from network to EUR3,763 million. Organic growth remained
strong, with sales from network increasing 13%, stripping out the impact of the
cut in voice and SMS termination rates.
Bouygues Telecom is continuing its growth strategy in both its mobile and fixed
broadband businesses. In the third quarter of 2010, 201,000 new mobile contract
customers signed up with Bouygues Telecom, bringing the total number of new
customers to 552,000 since 1 January 2010, or 23% of net market growth(1). At 30
September 2010, Bouygues Telecom had 10,721,000 mobile customers, including
8,478,000 on call plans (79.1% of the total customer base, an increase of 2.9
points over one year).
The fixed broadband business continued to grow strongly, with 120,000 net
activations in the third quarter of 2010. 645,000 Bbox routers had been
activated(2) at 30 September 2010, representing 472,000 additions over one year.

(1) Arcep (French communications regulator) data
(2) Bbox routers in operation or the number of customers billed

2) Significant events since 30 June 2010

2 July 2010: Colas acquired 100% of the capital of Société de la
     Raffinerie de Dunkerque.

12 July 2010: Bouygues Construction won a public-private partnership (PPP)
   contract to reconfigure the Stade Vélodrome in Marseille.

26 August 2010: Bouygues Construction signed a EUR750 million contract for
   the Singapore Sports Hub, the world's largest sports infrastructure PPP.

30 August 2010: The Colas-led Atlandes consortium was named preferred
   concession operator for the design, financing, construction and operation
   of a section of the A63 motorway in the Landes region of southwest France.

29 October 2010: Bouygues placed a EUR1 billion 9-year bond issue with a
   coupon of 3.641%, the lowest yield ever achieved by the Group on a bond
   issue. The main aim of the operation was to exchange some of the bonds
   maturing in May 2013 (EUR1.15 billion with a coupon of 4.5%) and in
   October 2014 (EUR1 billion with a coupon of 4.375%) in order to extend the
   average maturity of Bouygues' debt.

2 November 2010: Bouygues Telecom launched Bbox Fibre, a very-high-speed
     service.

Earnings for the first nine months of 2010 will be released on 2 December 2010
at 5.45pm (CET).

Press contact:
+33 (0)1 44 20 12 01 - presse@bouygues.com

Investor and analyst contact:
+33 (0)1 44 20 10 79 - investors@bouygues.com

www.bouygues.com

                                   ANNEX

Sales by business area
(EUR million)                     Q3            %            Change like-for-
                          2009       2010   change             like and
                                                              at constant
                                                             exchange rates
Bouygues Construction    2,375       2,271   -4%                   -7%
Bouygues Immobilier        721         456  -37%                  -37%
Colas                    3,568       3,783   +6%                   -1%
TF1                        498         541   +9%                   +5%
Bouygues Telecom         1,335       1,414   +6%                   +6%
Holding company and other   31          29   ns                     ns
Intra-Group elimination   (150)        (82)  ns                     ns
TOTAL                    8,378       8,412    =                    -4%
  o/w France             5,428       5,469   +1%                   -2%
  o/w international      2,950       2,943    =                    -7%

BOUYGUES's latest news

22/03/2024 13:06

BOUYGUES (EPA:EN) BOUYGUES : Sales for the first nine months of 2010 stable at €23.1 billion

Transparency directive : regulatory news

BOUYGUES's latest news

Other stories