Growing order intake at rail arm driven by UK contract
Bouygues鈥� construction and services businesses saw strong sales in the first half of the year, driven by UK rail activity.
Revenue at the French giant鈥檚 construction and services businesses was up to 鈧�13.7bn (拢11.5bn) from 鈧�12.8bn (拢10.7bn) in the six months to 30 June, mainly driven by Colas, its railways arm.
Colas saw a 27% year-on-year rise in its order intake over the period, booking a five-year extension on a contract to modernise the UK鈥檚 railway infrastructure.
At the end of June, the firm鈥檚 construction arm had a backlog of work worth 鈧�20.5bn (拢17.2bn), marginally less than the 鈧�21bn (拢17.6) reported at the same point last year.
黑洞社区 and civils in in Europe, outside France, took in 鈧�1.2bn (拢1bn) 鈥� up 5%. The firm has a range of building projects currently operating in the UK, including the C1 section of HS2, Hinkley Point C and projects for Cardiff and Essex universities.
Overall revenue at the Bouygues Group, which includes a telecoms business, was 鈧�18.5bn (拢15.5bn), up 6% from 鈧�17.4bn (拢14.6bn) over the same period in 2021.
Pre-tax profit also increased slightly from 鈧�471m (拢394.8) to 鈧�492m (拢412m).
In the rest of the year, the firm expects to further increase its sales and profit against 2021.
Bouygues is set to acquire multi-technical services firm Equans from Engie in a 鈧�7.1bn (拢6bn) deal. The sale was cleared by the European Commission last month and will go through later this year if approved by the UK鈥檚 Competition and Markets Authority.
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