The cold shower was followed by comfort. At the beginning of October, Bouygues shares were roundly criticized by investors after the company’s results for the first nine months of the year. the telecoms subsidiary’s medium-term objectives were revised downwards. Yesterday (Tuesday), the conglomerate reassured them by publishing good-quality accounts to the end of September, and by confirming the Group’s medium-term targets. guidance annual.

Sales totaled 41.49 billion euros in the first nine months of the year, up 1% on a gross basis and 2% on an organic basis. In these latter terms, the leading business, construction activities, grew by 1% to 20.19 billion euros. This increase was driven by Bouygues Construction, which gained 5%, more than offsetting the 14% decline in business at Bouygues Immobilier, which continues to struggle with the market as a whole.

Improved operating profitability

The integration of Equans continues apace, with billings up 3% to 14.08 billion euros. TF1 managed to post a 2% increase to 1.59 billion euros, while…