Bouygues: slight improvement in quarterly ROCA
The conglomerate's sales reached 12.3 billion euros, up 3% on a like-for-like basis, driven mainly by Equans and Bouygues Construction.
However, as is the case every year, Bouygues Construction's first-quarter results are not representative of its first-half and full-year results, 'mainly due to the seasonal nature of Colas' activities, and to a lesser extent those of Equans'.
Bouygues claims an order book of 30.4 billion euros at the end of March in its construction activities and, 'in an uncertain economic and geopolitical environment', is targeting slightly higher total sales and ROCA for 2024.
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