Full Year 2019 Bouygues SA Earnings Call Transcript
[Interpreted] Ladies and gentlemen, good morning. It is now our duty to report to you. Okay, along with our senior management, I'm very happy to have this opportunity to present you with our results. Although happier that you will see that, broadly speaking, our results are quite good.
In 2019, Bouygues reached its annual targets, thanks to robust results supported by all its businesses. To begin with, the group improved its profitability. It improved its current operating profit and its current operating margin year-on-year. This is restated for the sale of a part of our stake in Axione in 2018.
Now in 2019, we also generated a lot of free cash flow. In fact, free cash flow of EUR 301 million, thus reaching our free cash flow target that we set ourselves at EUR 300 million, that was back in 2017. While free cash flow after working capital requirements, but not including the Alstom dividend, increased twofold to EUR 815 million in 2019.
And finally, net debt was down substantially to EUR 2.2 billion, down from EUR 3.6 billion
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