Bouygues Returns to Growth Momentum in 2021
The construction and media group Bouygues reported strong 2021 results, achieving or exceeding its financial guidance. The company also announced a dividend increase and expects further growth in 2022.
French conglomerate Bouygues has released its full-year 2021 results, indicating a return to its previous growth trajectory. The group's sales reached €37.6 billion, nearly matching its 2019 performance. Operating profit saw a significant increase to €1.7 billion, surpassing the company's own guidance for the year.
Bouygues announced it will propose a dividend of €1.80 per share, signaling confidence in its future prospects. The company's net debt has fallen to a historically low level of €941 million, enhancing its financial stability and capacity for investment.
During 2021, Bouygues pursued two major strategic opportunities: the acquisition of Equans positions the group as a global leader in multi-technical services, while the planned merger of TF1 and M6 aims to create a significant French media entity. These moves are intended to bolster the company's resilience and strategic reach.
The group anticipates further increases in sales and operating profit for 2022 compared to 2021. These projections are based on current information and exclude potential impacts from COVID-19 or the completion of the Equans acquisition and TF1-M6 merger.