Bouygues : Excellent momentum in Q1 buoyed by BTel and Colas
>A solid Q1 2019 that confirms Q4 2018 momentum - Q1 sales 9% ahead of expectations. Sales rose by 16.2% (+8.5% on an organic basis) to € 7.93bn (ODDO BHF’s estimate: € 7.22bn, consensus: € 7.26bn), boosted by a favourable base effect on construction activities (challenging weather conditions in Q1 2018). Colas posted l-f-l growth of +14.5% (after +6.4% in Q4 2018– and +0.6% in Q1 2018) and an order book up 19% (after 11.6% in Q4). Bouygues Construction rose by 1.2% l...Bouygues is a global industrial group engaged in designing, building and operating structures in public and private buildings, transportation infrastructure and energy and communication networks. Co. operates in three sectors - Construction (Bouygues Construction, Bouygues Immobilier and Colas), Media (TF1) and Telecom (Bouygues Telecom). Construction is engaged in the design and maintenance of projects in the areas of building, civil works, energies and services; Media offers activities covering the audiovisual sector; and Telecom offers mobile broadband services and prepaid card services for smart phones, as well as a range of services including telemessaging, voice mail and WAP
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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