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Yahoo
15-05-2025
- Business
- Yahoo
Bouygues (BOUYF) Q1 2025 Earnings Call Highlights: Strong Construction Backlog and Telecom ...
Group Sales: EUR12.6 billion, up 2.2% year-on-year. Net Result Attributable to the Group: Minus EUR156 million, including an exceptional income tax surcharge of EUR33 million. Net Debt: EUR7.1 billion, an improvement of EUR645 million year-on-year. Construction Backlog: EUR34.2 billion, up EUR3.8 billion year-on-year. Equans COPA: EUR177 million, with a COPA margin of 3.8%, up 0.9 points year-on-year. Colas Sales: EUR2.7 billion, up 3% year-on-year. Bouygues Telecom Fixed Customers: 5.2 million, with 148,000 new FTTH customers in Q1. Bouygues Telecom Mobile Plan Customers: 18.3 million, with 63,000 new customers in Q1. TF1 Group Sales: Up 2% year-on-year, with media sales up 2% and TF1+ up 37%. Liquidity: EUR14.8 billion, including EUR3.8 billion in cash and equivalents. Warning! GuruFocus has detected 12 Warning Signs with BOUYF. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bouygues (BOUYF) confirmed its group outlook for 2025, with group sales and COPA both up year-on-year. The construction backlog reached a record level of EUR34.2 billion, up 12% year-on-year, providing good visibility on future activities. Net debt improved by EUR645 million year-on-year, despite significant acquisitions, indicating strong financial management. Bouygues Telecom achieved a 6% growth in sales billed to customers year-on-year, driven by strong performance in the Fixed segment. Equans showed significant improvement with a COPA margin increase of 0.9 points to 3.8%, reflecting successful execution of strategic plans. The net result attributable to the group was negatively impacted by an exceptional income tax surcharge, leading to a net loss of EUR156 million. Bouygues Telecom's EBITDA after leases decreased due to higher energy costs and increased IFER tax on mobile sites. The macroeconomic environment remains uncertain, affecting the pace of growth in certain segments like giga factories and data centers. Bouygues Immobilier's backlog remains low, reflecting a challenging market environment. The Fixed ABPU growth rate is expected to slow down in 2025 compared to previous years. Q: Can you provide insights into the current telecom market, particularly regarding pricing pressures in mobile and fixed segments? A: Christian Lecoq, Bouygues Telecom SA - CFO: The mobile market is less dynamic with slight growth and sustained competition in the low-end segment. We initiated an upward trend in tariffs, but not all competitors followed. In the high-end, our new marketing strategy has reduced churn and improved customer satisfaction. In fixed, we are gaining market share, especially in rural areas, due to our strong network quality. Q: How is the synergy extraction and margin improvement progressing at Equans? A: Pascal Grange, Bouygues SA - Deputy CEO and CFO: We are implementing a strategic plan focusing on pricing, purchasing, and productivity improvements. This has led to gradual margin improvements, with a target to reach a 5% margin by 2027. We are optimistic about achieving slightly higher margins than previously guided for 2025. Q: Are there any impacts from tariffs on Equans or construction businesses? A: Pascal Grange, Bouygues SA - Deputy CEO and CFO: There is no significant impact from tariffs as our operations are largely localized. The main concern is the global economic environment, which remains uncertain. Q: Could you elaborate on the slowdown in certain market segments for Equans in Q1? A: Pascal Grange, Bouygues SA - Deputy CEO and CFO: The slowdown is due to a wait-and-see approach in segments like giga factories for batteries and data centers, where technological advancements and policy changes are causing delays in decision-making. Q: What is the outlook for Bouygues Telecom's fixed ABPU growth? A: Christian Lecoq, Bouygues Telecom SA - CFO: Fixed ABPU growth will continue in 2025 but at a slower pace than previous years. This is due to the end of DSL and WiFi 5 commercialization and the introduction of new technologies at higher prices, along with the impact of our B&YOU offers. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Korea Herald
06-05-2025
- Business
- Korea Herald
Allianz Trade in Asia Pacific names Regional CEO
Rodrigo Jimenez to pick up Asia Pacific reins from Paul Flanagan HONG KONG, May 6, 2025 /PRNewswire/ -- Allianz Trade in Asia Pacific is pleased to announce that Rodrigo Jimenez will take on the role of Asia Pacific Regional CEO on 1 October 2025. He will succeed Paul Flanagan who is retiring after a 34-year career with the global leader in trade credit insurance. Mr Jimenez will begin a three-month transition period from 1 July 2025 and officially take over the helm on 1 October 2025. This appointment is subject to standard regulatory approval requirements. Mr Jimenez joined Allianz Trade in Brazil as CEO in 2014. Since 2021, he has been Regional Commercial Director for the Northern Europe region and being part of the Regional Management Team. In this role, he has developed and strengthened new distribution dynamics and strong synergies with the Risk department, which have in turn supported new business development and portfolio retention. He is also a keen advocate of digital transformation and has been closely involved in a number of crucial transformation projects in the Northern Europe region. Mr Jimenez holds an MBA degree from the Fundação Dom Cabral and a degree in Economics from the University of Sao Paulo. On his appointment, Mr Jimenez says, "It is an incredibly exciting time to be joining the Asia Pacific region. I am inspired by the growth Asia Pacific has already achieved and the transformative journey ahead, with plans to extend our presence to Vietnam, the thirteenth market in the region. Paul has set the bar high, establishing a solid foundation for this expansion, based on an unwavering commitment to customer experience and operational excellence. I look forward to continuing this mission, reinforcing our leadership position and driving innovation that delivers lasting value to our clients and partners across the region. I would like to congratulate Paul on an exemplary 34-year career at Allianz Trade and wish him every happiness in his retirement." About Allianz Trade Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,800 employees. In 2024, our consolidated turnover was EUR3.8 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit
Malaysian Reserve
06-05-2025
- Business
- Malaysian Reserve
Allianz Trade in Asia Pacific names Regional CEO
Rodrigo Jimenez to pick up Asia Pacific reins from Paul Flanagan HONG KONG, May 6, 2025 /PRNewswire/ — Allianz Trade in Asia Pacific is pleased to announce that Rodrigo Jimenez will take on the role of Asia Pacific Regional CEO on 1 October 2025. He will succeed Paul Flanagan who is retiring after a 34-year career with the global leader in trade credit insurance. Mr Jimenez will begin a three-month transition period from 1 July 2025 and officially take over the helm on 1 October 2025. This appointment is subject to standard regulatory approval requirements. Mr Jimenez joined Allianz Trade in Brazil as CEO in 2014. Since 2021, he has been Regional Commercial Director for the Northern Europe region and being part of the Regional Management Team. In this role, he has developed and strengthened new distribution dynamics and strong synergies with the Risk department, which have in turn supported new business development and portfolio retention. He is also a keen advocate of digital transformation and has been closely involved in a number of crucial transformation projects in the Northern Europe region. Mr Jimenez holds an MBA degree from the Fundação Dom Cabral and a degree in Economics from the University of Sao Paulo. On his appointment, Mr Jimenez says, 'It is an incredibly exciting time to be joining the Asia Pacific region. I am inspired by the growth Asia Pacific has already achieved and the transformative journey ahead, with plans to extend our presence to Vietnam, the thirteenth market in the region. Paul has set the bar high, establishing a solid foundation for this expansion, based on an unwavering commitment to customer experience and operational excellence. I look forward to continuing this mission, reinforcing our leadership position and driving innovation that delivers lasting value to our clients and partners across the region. I would like to congratulate Paul on an exemplary 34-year career at Allianz Trade and wish him every happiness in his retirement.' About Allianz Trade Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,800 employees. In 2024, our consolidated turnover was EUR3.8 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit Cautionary note regarding forward-looking statements The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (I) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (II) performance of financial markets (particularly market volatility, liquidity and credit events), (III) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (IV) mortality and morbidity levels and trends, (V) persistency levels, (VI) particularly in the banking business, the extent of credit defaults, (VII) interest rate levels, (VIII) currency exchange rates including the euro/US-dollar exchange rate, (IX) changes in laws and regulations, including tax regulations, (X) the impact of acquisitions, including related integration issues, and reorganization measures, and (XI) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. Allianz Trade contact Hong Kong UK Jason Wong Ian Silvera / Ambika Sharma +852 3665 8946 SEC Newgate allianztrade@ Follow us
