Bouygues announced on Wednesday that its reported revenue for 2025 is expected to be similar to that of 2024, with the construction and telecommunications group citing the impact of currency fluctuations, particularly those related to the US dollar.
Previously, Bouygues had aimed for slight revenue growth in 2025 compared to 2024. The group now notes that at constant exchange rates, 2025 revenue should show a slight increase versus 2024.
Bouygues also said it anticipates a slight decrease in annual revenue at Equans, whereas previously it had expected it to be "close" to the figure recorded in 2024. However, the operating margin target for the division is now seen at about 4.3%, up from the previous 4.2%.
According to analysts at JP Morgan, these adjustments in outlook were "largely anticipated." In a note, the brokerage highlighted Bouygues' results as in line with expectations and underscored a 5% increase in current operating profit (ROCA).
Around 09:10 GMT, Bouygues shares were up 2.53% at EUR40.18, while the CAC 40 index was down 0.05% at the same time.
Over the first nine months of the year, ROCA stood at EUR1.81 billion, compared with EUR1.72 billion a year earlier. Analysts had expected EUR1.76 billion.
During the period, Bouygues reported revenue of EUR41.9 billion, up 0.9%, while analysts had on average expected EUR41.81 billion, according to a consensus provided by the group.
JP Morgan highlighted the strong performances of Bouygues Telecom and Colas, despite a slight decline in other activities.
The order book at Colas reached EUR14.2 billion for the first nine months of the year, an increase of EUR1.4 billion year-on-year.
For Bouygues Telecom, "key performance indicators rebounded strongly after a lackluster second quarter," JP Morgan observed.
(Written by Etienne Breban, edited by Augustin Turpin and Blandine Hénault)
