(BFM Stock Exchange) – The conglomerate present in construction, technical services, telecoms and the media has delivered annual online results with expectations. The company also noted its dividend by 5.3%.

Last group of CAC 40 to publish its annual accounts, Bouygues puts an end positive in the results season.

The conglomerate present in the construction industry, the work of roads, the multi-technical services with Equans, the media and TF1 takes 4.4% around 4:20 p.m. and signs one of the strongest increases in the CAC 40 this Thursday, March 6.

The company has delivered online results with expectations. Bouygues thus released in 2024 revenues of 56.75 million euros, up 1% in comparable data. The current operating profit of activities registered at 2.53 billion euros, compared to 2.41 billion in 2023. The corresponding margin was 4.5% against 4.3% the previous year.

According to a consensus compiled by the company, analysts were tabling on a turnover of 56.85 billion euros and on a current operating profit of activities of 2.52 billion euros.

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Equans straightens its profitability

The group’s profitability notably benefited from the recovery of the margins of Equans, its multi -technical service division bought in 2022 in Engie. This company delivered a current operating profit to 680 million euros, translating an operating margin of 3.5% against 2.9% in 2023.

The net profit increased slightly to 1.06 billion euros against 1.04 billion euros in 2023.

Regarding his prospects for 2025, Bouygues indicated to anticipate a “slight progression” of his income and his current operating profit of activities. The group estimates the impact of the taxation of the taxation contained in the various budgetary texts for 2025 on its net profit at 100 million euros.

Beyond these results and its prospects, AlphaValue underlines a “positive development”: the increase in the dividend. The group will offer a coupon of 2 euros per share, translating an increase of 5.3% compared to the dividend for 2023.

This decision is “notable given the high net debt of the group following the acquisition of Equans three years ago”, underlines AlphaValue.

“It testifies to a strategic decision to favor the return for the shareholder rather than the reduction in debt,” adds the independent design office.

AlphaValue believes, however, that in view of the expected impact of taxation on the company’s profits, a new increase in the dividend for the financial year appears “unlikely”.