France's Bouygues posts Q1 core earnings above expectations
May 14 (Reuters) - French construction-to-telecoms group Bouygues (BOUY.PA), opens new tab posted better-than-expected first-quarter core earnings on Wednesday, driven by strong performances of its energy arm Equans, road-building division Colas, and construction and telecom units.
The company acquired Equans from French power group Engie (ENGIE.PA), opens new tab in late 2022, in a bid to grow in the energy transition and services.
Bouygues reported quarterly current operating profit from activities (COPA) of 69 million euros ($77.21 million), substantially above a company-compiled consensus of 35 million euros.
Quarterly sales of 12.59 billion euros came in line with consensus and included the first full-quarter contribution from La Poste Telecom.
Bouygues completed the acquisition of the telecom firm in mid-November 2024.
The group confirmed its full-year outlook, despite 'a very uncertain macroeconomic and geopolitical environment.'
($1 = 0.8937 euros)
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