Report
Stephane Beyazian ...
  • Sven Edelfelt

Bouygues : WC improvement (still) the main focus

>Review of Q3 2023 release - Our comments on Bouygues’ Q3 results are contained in the flash published on 31 October (Better in Q3 and guidance unchanged). Our takeaways from the conference call are detailed below. Management conveyed some satisfaction on the improvement in working capital, while also underlining its unpredictable nature. Looking at the consensus, Pascal Grangé emphasised the demanding comps in Q4 at the level of underlying operating profit from activ...
Underlying
Bouygues SA

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

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Beyazian

Sven Edelfelt

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