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Bouygues Posts Higher Q3 Sales

Bouygues (BOUYY.PK) reported third-quarter net profit of EUR 527 million compared to EUR 623 million last year.

Operating profit was EUR 812 million, higher than the previous year's EUR 673 million. Current operating profit increased to EUR 813 million from EUR 665 million in the prior year period.

Sales for the quarter increased to EUR 10.19 billion from EUR 10.16 billion generated a year ago, driven by a catch-up of activity in the construction businesses and in advertiser spending at TF1, as well as by sustained growth in sales from services at Bouygues Telecom.

The company now expects the current operating margin in second-half 2020 to be slightly higher than in second-half 2019.

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