Bloomberg News

Bouygues Third-Quarter Profit Beats Estimates as Sales Rise

November 16, 2011

Nov. 15 (Bloomberg) -- Bouygues SA, the French building, television and telecommunications company, reported third- quarter profit that beat analysts’ estimates and raised its annual sales forecast.

Net income climbed 3 percent to 403 million euros, the Paris-based company said in a statement today, beating an average estimate of 362 million euros from six analysts surveyed by Bloomberg. Sales, which rose 1 percent to 8.51 billion euros in the third quarter, may total 32.2 billion euros in 2011, Bouygues said.

The company, which holds 90 percent of France’s third- largest mobile-phone operator, 43 percent of television broadcaster TF1 and 31 percent of train- and power-equipment maker Alstom SA, predicted in August that full-year sales would reach 32 billion euros, compared with 2010 revenue of 31.2 billion euros.

Third-quarter operating profit declined 11 percent to 624 million euros, Bouygues said.

--Editors: David Risser, Robert Valpuesta

To contact the reporter on this story: Francois de Beaupuy in Paris at fdebeaupuy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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