Bouygues : Sales for the First Nine Months of 2010 Stable at EUR23.1 billion
By Bouygues, PRNEMonday, November 8, 2010
Quarterly Financial Information
PARIS, November 9, 2010 - 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.
Sales by business area (EUR million)
9-month 2009 9-month 2010 % Change
change like-for-like
and
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 (495) (359) ns ns
elimination
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 growth1. 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 activated2 at 30 September 2010, representing 472,000 additions over
one year.
1Arcep (French communications regulator) data
2Bbox 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).
ANNEX
Sales by business area Q3 % Change
(EUR million) 2009 2010 change like-for-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 31 29 ns ns
other
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%
www.bouygues.com
Press contact: +33(0)1-44-20-12-01, presse at bouygues.com; Investor and analyst contact: +33(0)1-44-20-10-79, investors at bouygues.com
Tags: Bouygues, France, November 9, Paris
