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[la forge] 12/9/2019 10:05

Bouygues SA (EN.FR) said Thursday that it has completed the sale of its 13% stake in Alstom SA (ALO.FR) for 37 euros ($40.78) a share, or a total amount of EUR1.08 billion.

The French telecommunications company said that following the sale it still remains Alstom's main shareholder with a 14.7% stake.

"Bouygues undertakes with the banks in charge of the placement to a 180-day lock up for its remaining Alstom shares, subject to customary exceptions," Bouygues said.



Write to Olivia Bugault at [e-mail]



(END) Dow Jones Newswires

September 12, 2019 02:49 ET (06:49 GMT)

[sarkasm] 23/2/2018 11:02

Bryan Garnier raises focus on Bouygues

Aymeric Val, published on 23/02/2018 at 11:01 am
Bryan Garnier raises focus on Bouygues
Photo credit © Y. Chanoit / Bouygues Construction

(Boursier.com) - The day after raising its recommendation of "neutral" to "purchase and the review of its target, Bryan Garnier raises the cursor to 48 euros on Bouygues, against 44 euros in the viewfinder before. research bureau justifies this boost with the need to "better reflect the momentum and the favorable prospects of all the activities of the group." In his argument, Bryan Garnier cites numerous catalysts arguing in favor of a continuation of the recovery of the telecom branch, which has sustained sales momentum, difficulties at SFR, developments in B2B ... In Construction, the broker believes Bouygues is well placed to take advantage of Greater Paris and the recovery of the road market in France. in real estate, Bryan Garnier anticipates a continuation of positive trends ...

[waldron] 05/12/2017 09:31

5/12/2017 | 8:46

Jefferies has maintained its Bouygues Purchase recommendation while raising its price target from 43 to 50 euros. The consulting firm notes that the dynamics are positive on all Bouygues businesses, since telecoms where prices have been increased without causing leakage of subscribers to the BTP where the turnaround of the French market benefits the group. "The improvement in margins leading to an increase in cash flow generation, we expect that the cash flow of Bouygues could increase from 400 million euros in 2016 to 1.3 billion in 2019," says Jefferies.

So far, it was forecasting 1.1 billion in 2019.

[the grumpy old men] 31/8/2017 06:51

TF1 and telecoms increase Bouygues results

Anthony Bondain, published on 31/08/2017 at 07h41
TF1 and telecoms increase Bouygues results
Photo credit © Y. Chanoit / Bouygues Construction

(Boursier.com) - Bouygues has significantly increased its profitability in the first half, as expected by analysts. The group benefited from good figures from Bouygues Telecom and TF1.
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Revenues for the half-year increased by 3% on a comparable basis to 15.16 billion euros, while current operating income rose sharply, reaching 385 million euros, compared with 206 million euros A year before. The current operating margin thus increases from 1.4% to 2.5%. Group net income excluding non-recurring items amounted to € 217 million, compared with € 46 million at the end of the first half of 2016. Net financial debt at June 30 and a slight decrease at € 4.26 billion . Profitability was driven by the recovery of Bouygues Télécom and TF1.

In building and construction, the order book for construction activities reached a record level of 31.2 billion euros (+ 6% at constant exchange rates). At Bouygues Telecom, the number of mobile customers increased from 645,000 in one year to 13.6 million.

Continued improvement in telecoms and TF1

For the full year of 2017, Bouygues estimates that its current operating margin for construction activities should continue to improve, while Bouygues Telecom's EBITDA margin will slightly exceed 25%, while the pace of transfer of sites to Cellnex will Accelerated in the second half. For 2018 and beyond, TF1 is expected to maintain the average annual program cost of EUR 980 million for the five free-to-air channels over the period 2017-2019 and to realize EUR 25-30 million of recurring savings. TF1 is also expected to improve its profitability, with a target of double-digit operating margin in 2019. Bouygues Telecom confirms its target of 300 ME in free cash flow over three years.

In a separate statement, the Colas subsidiary announced this morning the signing of an agreement to acquire the Miller McAsphalt Group, a major player in Ontario's road works and bitumen distribution in Canada.

[waldron] 31/8/2017 06:18

31/08/17 | 11:00 Premier semestre 2017 Présentation des résultats

[la forge] 13/7/2017 15:02

13/07/2017 | 1:20 p.m.

Bouygues Construction and Suez signed a global Memorandum of Understanding, with an initial duration of 3 years, to design and develop new solutions for optimized resource management, sustainable construction and the economy circular.

This collaboration will focus on the recovery of waste and recycled materials, water treatment and management, development of logistical solutions on site, local loops of resources or decentralized solutions on the city and eco-neighborhoods, Or the development of Public Private Partnerships.

[the grumpy old men] 08/6/2017 21:37

Legislative elections are scheduled to take place on 11 and 18 June (with different dates for voters overseas) to elect the 577 members of the 15th National Assembly of the French Fifth Republic.

[ariane] 22/3/2017 08:34

The Canadian group Bombardier (BBD.A.T) made an offer for the shares of Bouygues (EN.FR) in its competitor Alstom (ALO.FR), capital magazine said Wednesday on its website without specifying its sources. Bouygues, which owns 28% of Alstom, has "lent" 20% to the French State until next October. At this date, the State will be able to return its Alstom shares to Bouygues or buy them for 3 billion euros. Contacted by Agefi-Dow Jones, Bouygues denied discussing with anyone on this matter. Contacted by Capital, neither Alstom nor Bombardier made any comment. ([e-mail]) ed: VAT

[maywillow] 25/2/2017 16:12

Bouygues Telecom returns to profit, with surge in customer acquisitions

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23 February 2017

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Bouygues

Bouygues Telecom posted a return to profit in 2016, finishing €83 million in credit, a €142 million swing from a year ago, when it posted a full-year loss of €59 million.

It recruited one million more mobile customers in the period, a year ahead of schedule, on the back of heavy investment in LTE infrastructure, it said.

Total sales for the year increased six percent, to €4.8 billion, compared with a two percent rise a year ago.

The operator said mobile sales were up five percent on 2015, compared with a decline of five percent a year ago.

EBITDA rose €164 million to €916 million, with its margin 23 percent higher than in 2015.

The France-based operator added 1.1 million mobile customers in 2016, excluding M2M customers, and 335,000 in the final quarter.

As its total mobile base hit 13 million at the end of the year, Bouygues said it was a year ahead of its target on new customer acquisitions.

Almost two thirds (65 percent) of its mobile customers now take 4G services; data usages hit 4.2GB per user in December, up from 2.5GB a year ago.

Meanwhile, it gained 313,000 fixed broadband customers in 2016, including 98,000 in the final quarter, for a total base of 3.1 million s at end of December.

FTTH accounted for 26 percent of net growth.

The company said it will invest €1.2 billion in LTE and FTTH infrastructure this year, with particular focus on LTE network densification.

Last year, Bouygues Telecom sold 230 mobile towers to Spain-based Cellnex as part of a long-term partnership between the two companies.

It said the Cellnex sale resulted in a €104 million capital gain during 2016.

[maywillow] 15/2/2017 19:31

Published on 15/02/2017 at 16:12

(UBS) - UBS revalorizes the Bouygues file from 29.1 to 34 euros while remaining "neutral". The Swiss bank believes that the potential growth of infrastructure spending, combined with the possible consolidation of the French telecommunications market, are positive catalysts. However, with a title at the highest level in nearly five years, the broker believes that the market would need a higher visibility on the outlook, both for construction and telecoms. The investor day of February 23rd may be an opportunity for the market to see more clearly.

[the grumpy old men] 09/12/2016 16:48

BOUYGUES: Improved credit ratios will continue to improve in 2017 according to Moody's
AOF on 09/12/2016 at 10:31
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(AOF) - Bouygues will continue to record in 2017 an improvement in its credit parameters, supported by Bouygues Telecom's pickup in quarterly growth. However, Moody's, which publishes a note on the subject today, identifies a risk related to the upcoming presidential election in France. Indeed, the president elected in May could decide to reduce infrastructure expenses, which could weigh on the road business of Bouygues, operated under the Colas brand. However, this is not the scenario used by the rating agency.

Moody's also highlights the risks linked to a high level of investment and dividend at Bouygues, which could constrain its level of free cash flow.

[waldron] 10/11/2016 06:41

PARIS--Train maker and Amtrak supplier Alstom SA (ALO.FR) considered Donald Trump's victory in the U.S. presidential race could be good news for rolling-stock companies in the light of the promises the Republican candidate made to upgrade the country's infrastructure.

The French company, best known for its TGV high-speed trains, secured a 1.8 billion euro ($2.0 billion) contract to supply the U.S. rail operator in August. Alstom's competitors include Canada's Bombardier (BBD.A.T) as well as South Korean, Japanese and Chinese train manufacturers.

"It is early to tell, but Donald Trump was mentioning huge investments in infrastructure," Henri Poupart-Lafarge told analysts in a conference call held on Wednesday shortly after the confirmation of Mr. Trump's surprise victory.the U.S. election were made public.

Alstom, now focused on making trains after selling most of its energy assets to General Electric Co. (GE), said the company currently doesn't sell much in the U.S. while most of what it does is manufactured locally, Mr. Poupart-Lafarge said.

Such so-call natural hedging protects Alstom from any gyrations in the value of the U.S. dollar which some analysts say could prove to be volatile under a Trump presidency.



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(END) Dow Jones Newswires

November 09, 2016 18:24 ET (23:24 GMT)

[waldron] 27/8/2016 15:49

Mercredi 31 août : Bouygues,

[maywillow] 06/7/2016 08:23

06/07/2016 | 09:15

Société; Générale a relevé de Vendre à Conserver sa recommandation sur Bouygues, tout en abaissant son objectif de cours de 29 à 26 euros, estimant que le titre a un potentiel de hausse, dividende inclus, de 8,3%. Le bureau d'études souligne une fois encore les tendances à l'amélioration des résultats de Bouygues Telecom mais note que l'activité de construction manque de visibilité, notamment en France. Société; Générale s'attend à une nouvelle baisse du chiffre d'affaires de Bouygues Construction France en 2016.