Bouygues : Untimely profit warning on construction activities
>One-off impact of € 123m in Q3, i.e. -7.3% on 2018 EBIT - The Bouygues group announced yesterday after the market close that it expects a one-off fall of € 165 million in its underlying operating profit for 9M 2018 of the year compared to the same period in 2017. Adjusted for H1 results and the acquisition of Miller McAsphalt in February, we estimate a net impact of € 123m in Q3, i.e. -12% of the contracting segment's EBIT and -7.3% on our group EBIT estimate for 20...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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