Brief: Colas H1 Revenue Up At 5.6 Billion Euros

COLAS SA

26/08/2021 07:10

Aug 26 (Reuters) - Bouygues SA  BOUY.PA :
    * 2021 HALF-YEAR RESULTS
    * H1 STRONG GROWTH IN CURRENT OPERATING PROFIT, UP €204 M
VERSUS
H1 2020 AND €36 M VERSUS H1 2019
    * H1 NET PROFIT ATTRIBUTABLE TO THE GROUP: - €112 M (+ €183
M
VERSUS H1 2020)
    * H1 FREE CASH FLOW IMPROVED BY €215 M VERSUS H1 2020 AND BY
€104
M VERSUS H1 2019
    * H1 HALF-YEAR REVENUE OF €5.6 BN, UP 16% LIKE-FOR-LIKE
VERSUS H1
2020
    * H1 ORDER BACKLOG AT HISTORIC HIGH OF €10.3 BN, UP +4% AT
CONSTANT EXCHANGE RATES OVER ONE YEAR
    * OUTLOOK FOR 2021 REVISED UPWARDS
    * OUTLOOK: RECOVERY RECORDED IN THE SECOND QUARTER MEANS
THAT
FORECASTS FOR 2021 SHOW SIGNIFICANTLY HIGHER REVENUE THAN IN
2020, BUT WITHOUT ACTUALLY REACHING THE SAME LEVEL AS IN 2019
    * OUTLOOK: CURRENT OPERATING PROFIT MARGIN FOR 2021 IS
EXPECTED TO
RISE COMPARED TO 2019 (3.2% OF CONSOLIDATED REVENUE), AND A
TARGET OF 4% HAS BEEN SET FOR 2023
    * NET DEBT AT JUNE 30, 2021 STOOD AT €631 MILLION, COMPARED
TO NET
DEBT OF €1,065 MILLION AT THE END OF JUNE 2020

Source text for Eikon:  ID:nNDL9gFnmM 
Further company coverage:  BOUY.PA 

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