Bouygues : Q3 postview: Colas and WCR a focus of attention
>Colas: downward revision to guidance and lingering uncertainties - The Bouygues share lost 6.5% after the publication of its Q3 results (see our comments of 17 November). Whilst results were close to expectations, the disappointment came from the revision to 2023 guidance for Colas from “and underlying operating margin of 4%” to “an increase in underlying operating earnings vs 2022”. Granted, sales growth remains solid but inflation continues to dent margins. We (lik...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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