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Strategies

31 October 2023

2023 results for the first nine months

In an unstable environment marked by inflation, rising interest rates and currency volatility, Bouygues confirms that it is aiming for 2023 sales close to those of 2022, as well as an increase in its current operating profit from activities.

Key figures for Bouygues Construction

Backlog of orders : 15.1 billion euros (+ 12%)
Order intake : 8.1 billion euros (+ 50%)
Sales : 7.2 billion euros (+ 6%)
Current operating profit from activities (COPA) : 190 million euros
Contribution to net profit attributable to the Group : 130 million euros

Analyse détaillées des activités de construction
As a reminder, Bouygues Energies & Services has been consolidated within Equans since the start of 2023. For easier comparison, the nine-month 2022 data for the construction businesses presented below have been restated for Bouygues Energies & Services, as it contributed to Bouygues Construction’s figures.

At end-September 2023, the backlog in the construction businesses (Bouygues Construction, Bouygues Immobilier and Colas) rose 8% year-on-year to €29.8 billion (up 10% at constant exchange rates and excluding principal disposals and acquisitions).

Bouygues Construction’s order intake in the first nine months of 2023 was €8.1 billion, driven by the award of major contracts, including in the third quarter the extension of the metro line MTRC 1601 and construction of the Anderson Road Quarry multi-use complex, both in Hong Kong (for a total of around €400 million), the Les Acacias residential district and the Lucerne administrative site in Switzerland (for a total of around €260 million), and phases 2B2 and 2B3 of the Istrian motorway in Croatia (for around €110 million).

Istria Motorway, ©Ivica Suran

The normal course of business also remained steady. Bouygues Construction’s backlog (excluding Bouygues Energies & Services) stood at €15.1 billion, up 12% (up 13% at constant exchange rates and excluding principal disposals and acquisitions), providing good visibility on future activity.

This growth was driven by both Building and Civil Works. Within the Building activity, the international backlog rose sharply (up 28%) following the award of several significant contracts in the past year, while the backlog in France was down by around 5%. The Civil Works backlog was up 12%.

Like-for-like and at constant exchange rates, sales increased 3%. Bouygues Construction’s sales rose 6%, lifted mainly by a strong performance from International Building.

In the first nine months of 2023, Bouygues Construction’s COPA was €190 million, close to the €198 million reported for the same period last year. The margin from activities was 2.6%, notably related to the non-linear progress of worksites

Read the press release.