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[waldron] 14/11/2014 09:15

By Noemie Bisserbe
PARIS--French conglomerate Bouygues SA said Friday net profit for the first nine months of the year jumped, as the sale of television sports channel Eurosport and the disposal of a stake in a highway concession company more than offset continued losses at its telecom unit.
The group's net profit rose to 728 million euros ($905 million) for the nine months through September, from EUR548 million a year ago.
Sales also were up 0.6% to EUR24.22 billion in the nine-month period from EUR24.09 billion a year ago.
Bouygues--whose operations range from TV broadcasting and construction to telecom activities--said it expects revenue to be "about stable" this year as the price war in the French telecom market, a fragile TV-advertising market and a slowdown in public-sector orders in the construction sector in France all weigh on the group's performance.
Bouygues made an unsuccessful bid for rival mobile operator SFR earlier this year, which owner Vivendi SA sold instead to investment company Altice SA.
Write to Noemie Bisserbe at [e-mail]

[waldron] 05/11/2014 08:35

By Inti Landauro
PARIS--French conglomerate Bouygues SA (EN.FR) said on Wednesday its 29% stake in Alstom (ALO.FR) will contribute 75 million euros ($94 million) to its net profit in the third quarter.
Over the first nine months of the year Alstom will contribute EUR128 million to Bouygues' earnings, down from EUR168 million during the same period a year ago.
Bouygues is in the process of selling a 20% stake in Alstom to the French government as part of an agreement to sell the power equipment division of Alstom to General Electric.
In the fourth quarter, Bouygues won't receive any financial contribution from the stake in Alstom.
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[grupo guitarlumber] 15/10/2014 12:28

PARIS--A consortium including French conglomerate Bouygues SA (EN.FR) and partners signed a contract to build and operate a highway in Australia for 25 years, a contract that would generate revenue of 4.6 billion euros ($5.81 billion) over the period, Bouygues said Wednesday.
The design and construction of the road in Melbourne will represent an order worth a total EUR900 million, Bouygues said.
The consortium includes Lend Lease (LLC.AU), Acciona (ANA.MC), John Laing, Capella Capital and QIC.
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[grupo guitarlumber] 13/10/2014 07:07

BOUYGUES : Baissier mais survendu

Dernier cours : 24.54
Support : 22.82 / 21.85
Resistance : 25.73 / 26.7
Opinion court terme : neutre
Opinion moyen terme : negative

[maywillow] 11/10/2014 07:57

Vendredi 14 novembre 2014 : Résultats du troisième trimestre 2014

7h30 : Communiqué de presse


Jeudi 23 avril 2015 : Assemblée Générale Mixte des Actionnaires sur l'exercice 2014

15h30 : Challenger (St-Quentin-en-Yvelines)

[waldron] 09/9/2014 09:59

By Ruth Bender
PARIS--Bouygues SA's construction unit has been awarded a contract valued at around 490 million euros ($631 million) to build two tunnels for the Hong Kong metro.
Bouygues Construction will build the tunnels that are part of an extension of the metro network, as well as the ventilation building.
Work is due to last around six years, with completion in 2020, Bouygues said in a statement.
Write to Ruth Bender at [e-mail]
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[waldron] 30/8/2014 08:21

August 28, 2014 12:07 pm

Bouygues warns sales will fall due to public sector slowdown in FranceBy Adam Thomson in Paris

©BloombergBouygues said that sales would fall this year as the French construction, media and telecoms conglomerate reported a 61 per cent drop in operating profit from weaker public sector orders and a telecoms price war.

The Paris-based group controlled by billionaire Martin Bouygues said that revenue this year would be between 1 per cent and 2 per cent lower than in 2013 as it warned of a slowdown in public sector orders in France.

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It also described a “low-visibility” environment in the advertising sector where it competes with its TF1 television channel.

In a research note, Jefferies said the group faced “difficult conditions across the board”. By midday, Bouygues shares were trading 0.5 per cent lower than the previous day’s close at €28.33.

The group on Thursday said that operating profit during the first six months of 2014 fell to €134m compared with €347m in the same period last year.

The fall, which was bigger than analysts had expected, came as a fiercely competitive telecoms sector in France has reduced margins at its Bouygues Telecom unit.

In April, Bouygues Telecom failed to acquire Vivendi’s SFR, the country’s second-largest operator, in a tough bidding war against Altice, the European cable group.

Bouygues Telecom has since held talks over a possible tie-up with both Orange, the market leader, and Iliad, the country’s fourth telecoms operator. But those discussions came to nothing, leaving Bouygues Telecom cutting costs and staff as it tries to compete in France’s cut-throat market.

Bouygues on Thursday said that earnings before interest, tax, depreciation and amortisation at its telecoms arm fell 29 per cent during the first half to €332m. Revenue fell 5 per cent compared with a year earlier to €2.2bn.

Sales at the group’s construction businesses increased 2 per cent during the half compared with last year to €11.9bn – about three-quarters of the €15.2bn group total for the period.

Bouygues said that the French market was tougher in the first half of the year, with a slowdown in public sector orders following the country’s municipal elections in March.

Commenting on the results, Mr Bouygues, the group’s chairman and chief executive, said: “Our operating performance reflects a more challenging economic and competitive environment in France.”

[waldron] 27/8/2014 16:18

Jeudi 28 août 2014 : Résultats du premier semestre
2014

7h30 : Communiqué de presse
9h00 : Conférence de presse
11h00 : Réunion analystes

[la forge] 03/8/2014 15:26

Mercredi 27 août 2014 : Résultats du premier semestre 2014

7h30 : Communiqué de presse
9h00 : Conférence de presse
11h00 : Réunion analystes

[waldron] 10/6/2014 06:39

Iliad's Bid for Bouygues Telecom Said to Stumble on Price

By Matthew Campbell and Marie Mawad 2014-06-09

A 3 billion-euro ($4 billion) price gap is standing in the way of a possible merger of France's third- and fourth-largest mobile carriers.

Iliad SA (ILD) made an informal offer of between 4 billion and 5 billion euros in recent weeks to buy Bouygues Telecom, people familiar with the matter said. Bouygues Telecom's owner, Bouygues SA (EN), is seeking about 7 billion euros to 8 billion euros for the division, leaving the discussions at a standstill, they said. The people asked not to be identified because the discussions are confidential.

Europe's phone companies are trying to combine as costs rise for high-speed fourth-generation networks and the pace of smartphone adoption slows. In one of Europe's most competitive markets, a combination of Bouygues and Iliad, owner of the Free brand, would likely face fewer antitrust obstacles than a combination between Bouygues and market leader Orange (ORA) SA.

A representative for Iliad declined to comment. A spokesman for Bouygues declined to comment on an Iliad offer, saying only that all options are on the table and the company favors a standalone strategy for its mobile unit.

Bouygues, a family-controlled construction conglomerate, has said it is in early-stage discussions about a deal with Orange, the largest French phone company and former state monopoly.

Iliad SA, owner of the Free brand, in recent weeks made an informal offer for Bouygues Telecom valued at between 4 billion euros and 5 billion euros, people said, asking not to be identified discussing a private matter. Close

Iliad SA, owner of the Free brand, in recent weeks made an informal offer for Bouygues Telecom valued at between 4 billion euros and 5 billion euros, people said, asking not to be identified discussing a private matter.
Bouygues's exploration of a telecommunications sale has put on hold execution of an agreement to share mobile networks with SFR, the second-largest French operator, according to people familiar with the matter. The contract doesn't include any break-up fee, though SFR may seek compensation if Bouygues drops out of the agreement, the people said.

Shared Network
Bouygues and SFR agreed in January to share part of their French mobile network to save money on infrastructure. A spokesman for SFR declined to comment. A Bouygues Telecom spokeswoman didn't return calls seeking comment.

Bouygues Telecom has also asked employees to shelve some of its own projects before a meeting with union representatives planned this week, a person familiar with the measures said. The company may unveil plans to eliminate as many as 2,000 jobs, more than a fifth of its workforce, as it looks for 300 million euros in cost cuts, another person familiar with the matter said.

Prices for mobile service in France have plunged since 2012, when Iliad, controlled by billionaire entrepreneur Xavier Niel, began offering deeply discounted subscriptions. The resulting price war has also led to layoffs and reduced profits at Orange and SFR.

Numericable SA in April agreed to buy SFR from Vivendi SA, adding a mobile arm to its broadband services.

To contact the reporters on this story: Matthew Campbell in London at [e-mail]; Marie Mawad in Paris at [e-mail]

To contact the editors responsible for this story: Aaron Kirchfeld at [e-mail]; Kenneth Wong at [e-mail] Mark Beech

[waldron] 27/3/2014 12:51

PARIS--Australian toll road operator Transurban (TCL.AU) has picked a group formed by French construction firm Bouygues SA (EN.FR) and Lend Lease (LLC.AU) to build a twin motorway tunnel that will require an investment of A$2.65 billion ($1.7 billion).
Transurban said the joint venture between Bouygues and Lend Lease was selected as preferred contractor for the project, in a statement on its website. The contract still needs planning approval, the company said.
The project, dubbed NorthConnex, will be a 9-kilometer tunnel outside Syndey, the country's largest city, linking two of its main highways.
Transurban picked the Bouygues group after a competitive bidding process that attracted several bidders, the company said.
A Bouygues official confirmed the Transurban decision.
Write to Inti Landauro at [e-mail]

[waldron] 14/3/2014 20:58

Xavier Niel, the French billionaire who founded telecom operator Iliad SA (ILD.FR) vowed that his company will keep aggressive pricing on mobile telephone subscriptions if its rival SFR is taken over by Bouygues (EN.FR), Les Echos newspaper reported.
"If Bouygues wins, competition will play," Mr. Niel said in an interview with the newspaper published Friday. The company had disrupted the mobile telecom market with low prices in early 2012.
The board of Vivendi SA (VIV.FR) is due to make a decision Friday on whether it accepts the 11.3 billion euros ($15.71 billion) offer made by Bouygues for a controlling stake in SFR, the second largest operator in the country, or prefers a rival offer from holding company Altice SA (ATC.AE).
To dodge anti-trust concerns, Bouygues, which owns the third largest mobile phone operator, had offered to sell its infrastructure network to Iliad, the fourth largest operator, for EUR1.8 billion.
Mr. Niel added his company will hire more than 1,000 workers to operate the infrastructure network.
Newspaper website: www.lesechos.fr
Write to Inti Landauro at [e-mail]
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[la forge] 10/3/2014 10:33

Watchdog fear over Bouygues' SFR bid
March 10, 2014
BOUYGUES Telecom's proposed buyout of SFR could be bad news for mobile phone users in France, UFC Que Choisir has warned.

The consumer watchdog's president, Alain Bazot, warned: "Going from four to three operators is worrying if there are no safeguards in place for customers.

"There is always the fear that prices will rise. It happened in Austria when the number of operators there dropped from four to three."

But Maxime Lombardini, CEO of Iliad which owns rival telecoms operator Free, said that customers have no need to worry about decreased competition.

He said: "There is no reason for prices to rise. If the merger goes ahead and we are competing against two telecoms giants in Bouyges/SFR and Orange instead of three, the competition will still spur us on.

"We have every interest in maintaining offers and attractive prices to attract new subscribers. We will not change because the number of competitors has dropped from three to two."

Bouygues Telecom, France's third-largest mobile phone operator has filed a bid to take a controlling stake in a new company formed by the merger. It has reportedly said it would be prepared to sell its mobile network and some of its 15,000 mobile antennas to Free to increase its chances of getting a green light from authorities.

The bid is said to be about €15bn for a 46% stake, and comes after cable operator Numericable tabled an offer of around €14.75bn. A tie-up between SFR and Bouygues would create France's biggest telecoms operator and Europe's seventh-biggest in terms of sales.

The ongoing mobile phone price war in France, sparked when Free entered the market in 2012, is a key reason behind SFR's parent company Vivendi's desire to offload its telecoms arm to focus on its other media businesses.

VIvendi had been preparing to split SFR into a separately listed company this summer, but is now open to offers for the business and plans to review the offers in the coming weeks.

The government has also hinted that it could weigh in to protect jobs and ensure that the operators keep promises to invest in key infrastructure.

Bouygues' chief financial officer Philippe Marien said talks had not yet begun with
authorities but insisted the group is ready to take steps to protect competition. He said: "We will do what it takes for the market to stay competitive."

He added that the new operator would also help virtual mobile operators, which rent capacity on other carriers' networks, to preserve competition.

In 2005, the three mobile phone companies then operating in France were fined €534m in November 2005 for cartel-like behaviour.

SOURCE THE CONNEXION

[la forge] 09/3/2014 17:01

PARIS--The French government is hoping that a takeover bid on mobile phone operator SFR will stop the price war that has weakened the country's mobile phone companies, as the number of competitors is cut to three from four, industry minister Arnaud Montebourg said in an interview to daily Le Parisien.
The sale of SFR, a unit of media conglomerate Vivendi SA (VIV.FR), has spurred a bidding war between conglomerate Bouygues SA (EN.FR) and cable-investment firm Altice SA (ATC.AE), which owns cable operator Numericable Group SA. Bouygues last week offered 10.5 billion euros ($14.6 billion) in cash to merge its Bouygues Télécom unit with SFR. Altice offered EUR11 billion in a competing bid.
Mr. Montebourg said that if Numericable takes over SFR, the ongoing price war between the four mobile phone operators--including Iliad SA(ILD.FR)'s Free and Orange SA (ORA.FR)--won't stop, and that one of the four companies is likely to be pushed out of the market.
"Destructive competition will stop if we go back to three mobile phone operators," Mr. Montebourg told the newspaper. "It won't stop if Numericable conquers SFT, because there will still be four competitors. In the end, either Free or Bouygues will be all washed up, with thousands of jobs lost."
The minister also repeated that the government expects from the bidders a commitment not to cut jobs, to float the new company on the Paris stock exchange, to keep the headquarters and research and development centers in France and to use French supplier Alcatel-Lucent SA (ALU.FR) for their equipment.
Newspaper website: www.leparisien.fr
Write to Gabriele Parussini at [e-mail]

[maywillow] 09/3/2014 11:48

Bouygues Telecom Agrees to Sell Mobile Network to Free -- Report

Vivendi (EU:VIV)
Graphique Intraday de l'Action
Aujourd'hui : Dimanche 9 Mars 2014
By Gabriele Parussini
PARIS--French mobile phone company Bouygues Telecom agreed to sell its mobile network to competitor Free for EUR1.8 billion on condition its bid to take over SFR, another competitor, is successful, the Journal du Dimanche reported.
The announced sale of SFR, the telecommunication unit of Vivendi SA (VIV.FR), has spurred a bidding war between Bouygues SA (EN.FR), a conglomerate with interests ranging from construction to telecom, and Altice SA (ATC.AE), owner of cable operator Numericable Group SA.
Bouygues said Thursday it has offered EUR10.5 billion in cash to take over SFR. Altice has offered EUR11 billion in a competing bid.
The sale of Bouygues Telecom's network would facilitate its takeover of SFR by quelling France's competition authority fears that an operator controlling two mobile networks would enjoy a dominant position in the market, the JDD said.
Should Bouygues' bid to buy SFR fail to prevail over that of Numericable, the sale of the mobile network will be canceled, the newspaper reported.
The pact was negotiated between Bouygues Telecom CEO Olivier Roussat and Free's Maxime Lombardini, the JDD reported. The owners of the two operators, Martin Bouygues and Xavier Niel, haven't negotiated the deal directly, but have approved it, the newspaper said.
"This deal would allow us to get rid of the main element of uncertainty hovering over this deal," Mr. Roussat told the JDD in an interview. He added that Bouygues hasn't yet decided which mobile phone brand it will keep.
The sale of SFR to Bouygues would reshape the French telecom landscape by reducing the number of mobile operators to three from four, and create a company with a greater mobile market share than former French monopoly Orange SA (ORA.FR).
The price war among French mobile operators in recent years has dented the profits of the four operators.
Free, the latest operator to be granted a mobile network license, has gained about eight million clients in the last two years, but it is burning EUR600 million of cash a year to rent Orange's mobile network.
Write to Gabriele Parussini at [e-mail]
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[waldron] 04/3/2014 14:23

ORANGE SA FORECAST

[waldron] 04/3/2014 08:22

do be careful

some say its undervalued

[alphahunter] 03/3/2014 23:09

Got hammered on the unfolding telecom war. I'm short Orange.

[waldron] 26/2/2014 12:15

PARIS--French media-to-construction conglomerate Bouygues SA Wednesday said it posted a net loss in 2013 after writing down the value of its 29% stake in Alstom SA by EUR1.4 billion ($1.92 billion), the engineering group whose shares tanked during the year.
Bouygues posted a net loss of EUR757 million in 2013, compared with a net profit of EUR633 million in 2012. Before the write-down, the company posted a net profit of EUR647 million, below the EUR744 million average expected by analysts polled by the company.
Earlier this month, Bouygues said it would write down part of the stake it holds in Alstom. The French engineer's shares have lost 40% over the past year as the outlook for its main business, supplying power turbines, has deteriorated.
During 2013, the company's sales fell 1% to EUR33.35 billion, as an expected contraction at its telecom unit offset the rising revenue at its construction businesses. The decline is in line with the company's target. Sales at its telecom unit fell 11% to EUR4.66 billion, a second consecutive annual decline.
For the second consecutive year, Bouygues suffered from a price war on the mobile telephone service started by rival Iliad SA in early 2012. The cutthroat competition in the French telecom industry has cut into the revenue of Bouygues's telecom unit as the company was forced to trim its fees to keep its market share from plummeting. Despite cutting its prices to match offers from Iliad and the other operators, Bouygues lost 108,000 customers during the year.
Rising profitability at its construction units has allowed Bouygues to improve its overall profitability, as operating profit rose 12% in 2013 to EUR1.25 billion.
Bouygues's board recommended that shareholders approve the same dividend as last year, at EUR1.6 a share.
The Paris-based company said it expects sales in 2014 to remain at the same level as in 2013 as it steps up a transformation plan for its telecom business based on supplying a 4G ultra fast mobile Internet service and new offers in fixed telecom services.
The company's Chief Executive Martin Bouygues is set to announce fee cuts for triple play service, the bundled service of fixed-line telephone, cable TV and broadband Internet connection later on Wednesday.
Write to Inti Landauro at [e-mail]

[waldron] 15/1/2014 18:27

Mercredi 26 février 2014 : Résultats annuels 2013

7h30 : Communiqué de presse
9h00 : Conférence de presse
11h00 : Réunion analystes

Jeudi 24 avril 2014 : Assemblée générale

15h30 : Challenger (St-Quentin-en-Yvelines)

Mercredi 27 août 2014 : Résultats du premier semestre 2014

7h30 : Communiqué de presse
9h00 : Conférence de presse
11h00 : Réunion analystes

[waldron] 25/11/2013 09:10

PARIS--French construction-to-broadcast conglomerate Bouygues SA (EN.FR) Monday said it has secured a contract worth 360 million euros ($488 million) to build a luxury six-star hotel in Macau, China, for Melco Crown Entertainment Ltd. (6883.HK).
The 39-floor hotel, which will be part of the City of Dreams entertainment complex, will comprise 783 bedrooms, a casino, restaurants, conference room and a sky pool, the company said.
The works are under way and are scheduled to last for more than three years.
Bouygues's construction unit is increasingly expanding in Asia. It has already signed contracts in Hong Kong, China and Singapore.
Write to Inti Landauro at [e-mail]
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[waldron] 21/11/2013 10:16

VINCI, BOUYGUES, EIFFAGE : les travaux de la ligne ferroviaire à grande vitesse Lyon-Turin, à laquelle s'opposent des militants écologistes, commenceront d'ici le début de l'année 2015, a déclaré hier M. François Hollande. (Kepler Cheuvreux)

[waldron] 20/11/2013 18:19

..........Bouygues : résistance à 31.2.

Tradingcentral.fr – il y a 5 minutes
....Mail0Partager0
Share0.....Sur les 5 derniers jours, le titre a peu évolué, gagnant 2.68%. Depuis le début de l'année, il est en hausse de 27.37%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est inférieur à sa ligne de signal et positif. Le titre pourrait corriger à court terme. Enfin, le titre est supérieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en hausse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 30.4 puis 31.2. Tandis que les prochains supports sont sur : 27.8 puis 27.3.

Notre préférence : Achetez Bouygues (EN) tant que 27.3 est support.

Le point d'invalidation de notre scénario est situé sur : 27.3.
Cours de référence : 28.5.