French conglomerate Bouygues (BOUYY.PK) posted 728 million euros of nine-month net profit attributable to the Group, compared with the prior-year figure of 548 million euros, benefiting from the sale of a controlling stake in Eurosport International and of Colas' stake in Cofiroute.
During the first nine months of 2014, current operating profit amounted to 554 million euros, 324 million euros less than the year-ago period, due to the expected fall in profitability at Bouygues Telecom.
The firm clocked consolidated sales of 24.2 billion euros in the first nine months of the year, up 1% year-over-year. Growth in international sales, up 7% on the first nine months of 2013 to 8.6 billion euros, offset the decline in sales in France, down 3% on the first nine months of 2013 to 15.7 billion euros, according to the Group.
Looking ahead, Group sales in 2014 are likely to be about stable versus 2013. Bouygues Telecom has confirmed its target of generating an "EBITDA minus Capex" item close to zero in 2014. Also, Bouygues Telecom confirmed its target of improving competitiveness and saving 300 million euros per year by 2016.
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