Bouygues : Telecoms confirm growth, caution on the property business
>Favourable momentum in construction, adjustments in property - At the presentation of annual results, management reiterated its confidence in trends at the Bouygues Construction division. Excluding the divestment of Axione, the underlying EBIT margin improved 50bp y-o-y in Q4 to 3.3%, underpinned by a stronger contribution from the energies & services division, which had raised concerns in the wake of a profit warning on Q3 results.At Colas, in Q4 was down 24bp ...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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