Turnover at French giant tops 鈧�50bn mark
Profit at the construction arm of Bouygues, which is helping build part of the HS2 railway in the Chilterns, went up last year, the firm said in its latest results.
According to the French giant鈥檚 full-year results for 2023, operating profit from activities in its construction rose 9% to 鈧�851m (拢728m).
The firm has redefined what it includes in its construction business but income rose 2% to 鈧�27.3bn (拢23.4bn) with Bouygues saying work from its Colas rail arm was up 3% to 鈧�16bn (拢13.7bn) which was helped by a 鈧�215m (拢184m) contract it was handed for work at the HS2 station at Old Oak Common in west London.
Bouygues, which operates in a range of areas from construction to media and telecoms, said group revenue jumped 26% to 鈧�56bn (拢48bn) with operating profit up 19% to 鈧�2.4bn (拢2bn).
Bouygues, which has also been working on the Hinkley Point C scheme in Somerset, said last autumn that it had racked up a 拢42m pre-tax loss at its UK arm in 2022 from an 拢835,000 profit last time. Turnover in 2022 fell 21% to 拢383m.
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