PARIS (dpa-AFX) - Bouygues (BOUYY.PK) reported that its net profit attributable to the Group for the first nine months of 2016 grew 3% to 345 million euros from 334 million euros last year. Net profit attributable to the Group in the first nine months of 2015 notably included the impact of the sale of thestake in the A28 motorway concession company.
Excluding exceptional items (non-current charges and disposals), net profit attributable to the Group improved by 29% to 412 million euros.
Current operating profit rose 20% to 714 million euros. Operating profit increased16% to 570 million euros. This included 144 million euros of non-current charges, essentially related toTF1 and Colas. Non-current charges in the firs t nine months of 2015 were 106 million euros.
Sales for the period declined 3 percent to 23.11 billion euros from the prior year
Bouygues Telecom confirmed its return to long-term sales and earnings growth,and maintains its EBITDA margin target of 25% for 2017 with a plan to save at least €400 million in 2016 versus end-2013. Net capital expenditure is expected to reach around €800 million in 2016.
The Group's operating profit in 2016 will be affected bynon-current charges of around 270 million euros, including the roll-out of network sharing withthe SFR group and adaptation plans in the business segments, before taking into consideration non-current income related tothe sale of towers byBouygues Telecom.
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