Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Bouygues    EN   FR0000120503

BOUYGUES

(EN)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Bouygues' : Hand Strengthened in Orange Talks

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/24/2016 | 07:45am EST

PARIS?A recovery in Bouygues SA's telecoms business is strengthening the hand of Chief Executive Martin Bouygues in his talks to sell the unit to former state monopoly Orange SA, in which he wants to take a stake of at least 10% as part of any deal.

Mr. Bouygues ruled out accepting a lower stake, adding that Bouygues could buy up to 15% in Orange. The French state, which owns 23% of Orange, would remain the largest shareholder if a merger were agreed, he said.

"If we don't reach a deal we'll carry on with our stand-alone strategy," Mr. Bouygues told reporters. "We're interested in taking a stake in Orange to benefit from future growth in the telecoms sector."

Orange declined to comment.

Like his counterpart at Orange, Mr. Bouygues put the chances of a successful outcome at 50%. A deal could value Bouygues' telecoms unit at as much as â,¬10 billion ($11.02 billion).

Bouygues Telecom was hard hit by a brutal price war when Iliad entered the French mobile market in 2012, making subscription offers for as low as ?2 a month. In November, Bouygues unveiled a plan to lure 1 million more customers to its mobile service and 1 million more to its landline offers by 2017, cutting costs and focusing on rolling out its fixed line capabilities and 4G network.

Revenue at the group's telecoms unit rose 2% in 2015 to ?4.5 billion as the company reported Wednesday it had added 769,000 mobile clients and 360,000 fixed line customers, providing further evidence of a turnaround for French telecoms firms.

Earnings before interest, taxes, depreciation and amortization at the unit rose 8% year-on-year to ?752 million in 2015, in line with the company's target of ?750 million.

"The next step is that either the deal happens or doesn't happen," Mr. Bouygues said. "For our staff and for the market this is a highly destabilizing situation so we're giving ourselves a few more weeks but discussions won't extend beyond the end of the first quarter."

The group, which also builds roads and controls French television broadcaster TF1, said full-year net profit for the group halved to ?403 million due to a number of asset sales in 2014 that inflated earnings last year. Operating profit rose 5.6% to ?941 million, topping analysts' expectations.

Sales at Bouygues overall in 2015 dropped 2% to ?32.43 billion as revenue at TF1 and the company's real estate arm Bouygues Immobilier declined.

"Thanks to the strategy of transforming its business segments, the group should continue to improve profitability in 2016," Bouygues said.

Write to Nick Kostov at Nick.Kostov@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BOUYGUES 0.58% 38.43 Real-time Quote.21.95%
ORANGE 0.57% 13.325 Real-time Quote.-6.22%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BOUYGUES
12/13BOUYGUES : Captains of Telecom Industry met with Executive Vice-President Margre..
AQ
12/12BOUYGUES : The Bouygues Group Wins Employee Share Ownership Award From Fas
GL
12/04Orange CEO says EU authorities are open to pan-European telecoms mergers
RE
12/04Modest Orange dividend overshadows European mobile mast plans
RE
12/02BOUYGUES : Group TF1 acquires the final of the Champions League from 2022 to 202..
PU
11/29BOUYGUES : TF1 groups and Bein Sports to broadcast EHF European handball Champio..
PU
11/27BOUYGUES : Groups TF1 and M6 acquire from UEFA free-to-air rights to UEFA Euro 2..
PU
11/25France will not exclude China's Huawei from 5G rollout - minister
RE
11/24FRANCE'S 5G SPECTRUM TO BE SOLD AT F : minister
RE
11/20Uncertainty over networks behind delay on French 5G spectrum - FFT
RE
More news
Financials (EUR)
Sales 2019 37 188 M
EBIT 2019 1 673 M
Net income 2019 1 159 M
Debt 2019 2 827 M
Yield 2019 4,50%
P/E ratio 2019 12,0x
P/E ratio 2020 12,2x
EV / Sales2019 0,46x
EV / Sales2020 0,45x
Capitalization 14 274 M
Chart BOUYGUES
Duration : Period :
Bouygues Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BOUYGUES
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 41,31  €
Last Close Price 38,22  €
Spread / Highest target 17,7%
Spread / Average Target 8,08%
Spread / Lowest Target -6,59%
EPS Revisions
Managers
NameTitle
Martin Bouygues Chairman & Chief Executive Officer
Phillippe Marien CFO, SVP-Human Resources & Information Systems
Helman le Pas de Sécheval Independent Director
Olivier Bouygues Director & Deputy Chief Executive Officer
Colette Lewiner Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BOUYGUES21.95%15 878
VINCI36.43%60 702
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION-7.37%31 757
LARSEN & TOUBRO LTD-9.54%25 870
FERROVIAL53.60%22 392
CHINA RAILWAY GROUP LIMITED-17.60%19 365