On Tuesday, French construction-to-telecoms company Bouygues (BOUY.PA) reported a first-quarter operational profit, exceeding market expectations, helped by last year’s Equans purchase.
Family-owned Bouygues, already in civil engineering, construction, media, and telecoms, acquired Equans from French power giant Engie (ENGIE.PA) in October to expand into energy transition and services.
First-quarter current operating profit from activities was 9 million euros ($9.9 million), compared to a deficit of 66 million euros a year earlier. Company analysts predicted a 2 million euro loss.
Bouygues, which employs 200,000 people in 80 countries, confirmed its 2023 prognosis for the organization.
