The backlog of Bouygues Construction at end-March 2022 (€20.8 billion) was stable versus end-December 2021. Order intake at Bouygues Construction in the first quarter of 2022 rose by 8% year-on-year, driven by international markets and the normal course of business. The backlog was nonetheless 3% lower than end-March 2021 due to fewer major contracts booked in the past year.
Current operating profit/loss
Bouygues Construction key figures
Backlog: €20.8 billion
Orders taken: €2.6 billion
Turnover: €3.1 billion
The Group has a very robust financial structure.
Net debt (1) at end-March 2021 stood at €2,111 million versus €941 million at end-December 2021 and €2,643 million at end-March 2021.
Net gearing remained low at 16% (versus 7% and end-December 2021 and 22% at end-March 2021).
The long-term credit ratings assigned to the Group by Moody’s and Standard & Poor’s, unchanged since 10 November 2021 are A3, stable outlook, and A-, CreditWatch negative respectively.
As announced at the time of publishing its full-year results, the Group is expecting in 2022 a further increase in sales and current operating profit versus 2021.
After endorsement of Colas’ greenhouse gas emissions reduction targets in 2021, the other business segments are now aiming to receive SBTi(1) endorsement of their decarbonization plans.
The above outlook is based on information known to date and excludes any further deterioration in the situation due to Covid-19, the acquisition of Equans and the TF1-M6 merger.
The Group remains extremely vigilant regarding the indirect consequences of the conflict between Russia and Ukraine. This outlook is subject to no further major deterioration in the current macroeconomic and geopolitical situation.
Bouygues Immobilier’s AL-FA residential development at the heart of the “Les Fabriques” eco-neighbourhood in Marseille, will be constructed entirely with low-carbon concrete.
Colas and Saipol have signed an agreement to decarbonise Colas’ truck fleet in France using Oleo100, a renewable fuel made from 100% French rapeseed.
TF1 continues its Expertes à la Une programme bringing together women experts from different sectors to increase their presence in news broadcasts.
Bouygues Telecom has launched several initiatives since the start of the year including source, the first responsible plan with no minimum term contract, aimed at encouraging digital sustainability.
Read the full press release here.
(1) Net debt/shareholders’ equity
(2) Science Based Target initiative