Nine Months 2024 Bouygues SA Earnings Call Transcript
Key Points
- Bouygues (BOUYF) confirmed its 2024 outlook, indicating confidence in its strategic direction.
- The construction business backlog reached a high level of EUR31.8 billion, up 7% year-on-year, providing strong visibility for future activities.
- Bouygues Telecom achieved a 5% growth in sales billed to customers year-on-year, with a strong performance in fixed services.
- The financial structure remains robust with a net debt of EUR8.5 billion at the end of September 2024, an improvement from the previous year.
- TF1 group sales increased by 3% year-on-year, with media sales up 4% and advertising revenue up 5%.
- Bouygues (BOUYF) faces a challenging market environment with low visibility on the timetable for recovery, particularly in the construction sector.
- The net profit attributable to the group was slightly higher than the previous year, but future tax increases could impact profitability.
- Bouygues Telecom's mobile ARPU declined due to competitive pressures and customer migration to more affordable plans.
- The construction business's current operating profit from activities was lower than the previous year, impacted by a decrease in Bouygues Immobilier's contribution.
- The French residential and commercial property markets remain challenging, affecting Bouygues Immobilier's backlog, which was down 18% year-on-year.
Hello and welcome to the Bouygues nine months, 2024 results. My name is Laura, and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on less than a. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star one on your telephone keypad to register your question. If you require assistance at any point, please press star zero and you will be connected to an operator.
I will now hand you over to your host, Pascal Grange, Deputy CEO and CFO of the Bouygues Group to begin today's conference. Thank you.
Good morning, everyone and thank you for joining us to discuss week nine months 2024 results with me today is KCO CFO of Big Telecom. Following our presentation. We'll be answering your questions.
Let's start with our highlights.
I would start by saying that we confirm the group outlook for 2024. Then I would
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