FX.co ★ Bouygues FY23 Profit Rises, Lifts Dividend; Sees Slightly Higher Sales, Profit In FY24

Bouygues SA, the multifaceted French corporation with interests in telecommunications, media, and construction, announced increased profits for the fiscal year 2023. The Group's net profit rose to 1.04 billion euros, marking an increase from the 973 million euros reported the previous year.

The Group's current operational profit from activities also saw a significant increase, hitting 2.41 billion euros, a rise of 19 percent year-on-year. When compared to the full-year proforma of 2022, which includes the income from the recently acquired Equans, the increase is 11 percent.

The profit margin from the activities was pegged at 4.3%, indicating that there's been a 0.3 point improvement from the 2022 proforma. Group sales, largely credited to the contribution from Equans, climbed 26 percent to reach 56.02 billion euros from the previous year's 44.32 billion euros. Compared to the full-year 2022 course's proforma, which includes Equans, the sales growth was 3 percent.

The sales growth was reported to be 4 percent when measured like-for-like and at consistent exchange rates.

Furthermore, Bouygues SA announced that its Board of Directors will propose a dividend of 1.90 euros per share for 2023 at the Annual General Meeting scheduled for April 25. This indicates a rise of 10 eurocents from the previous financial year and the payment date is earmarked as May 3.

Looking into the future, Bouygues anticipates slightly higher sales and operational profits from activities for the fiscal year 2024. Equans, the newly introduced component of the Group, is expected to continue uplifting its results, adhering to its strategic Perform plan.

In 2024, Equans is projected to yield a sales figure equivalent to that of 2023. From 2025 onwards, Equans is setting ambitious goals for an upsurge in organic sales growth, aiming to align with market competitors. By 2025, Equans is expecting a current operating margin from activities close to 4 percent, which is slated to increase to 5 percent by 2027.