Bouygues Q1 Profit Beats Estimates on Energy Strength
Bouygues reported a 77 million euro operating profit, beating estimates on energy services strength. The firm is also leading a bid for rival operator SFR.
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BOUYGUES SA reported Q1 operating profit rose 11.6% to 77 million euros, exceeding analyst forecasts of 66 million euros. Strength in Equans offset revenue declines in the media and telecoms divisions in France. The results highlight a shift toward infrastructure and energy as the conglomerate pursues a 20 billion euro telecoms consolidation.
