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Brief: Bouygues Records Non-Cash €569 Mln Impairment On Its Stake In TF1

BRIEF-Bouygues Records Non-Cash €569 Mln Impairment On Its Stake In TF1

- Bouygues SA BOUY.PA:

  • RECORDS A NON-CASH IMPAIRMENT ON ITS STAKE IN TF1. THE GROUP REAFFIRMS ITS CONFIDENCE IN TF1’S TRANSFORMATION STRATEGY.

  • WILL RECORD AN IMPAIRMENT ON ITS STAKE IN TF1 AMOUNTING TO EUR 569 MILLION

  • IT WILL HAVE NO IMPACT ON GROUP'S NET DEBT

  • TF1 CARRYING AMOUNT REDUCED TO €2 BILLION AS OF SEPT 30, 2026

  • WILL NOT IMPACT ITS LIQUIDITY OR ITS INVESTMENT CAPACITY

  • CARRYING AMOUNT OF TF1 IN GROUP'S CONSOLIDATED BALANCE SHEET WILL THEREFORE BE REDUCED TO EUR 2.0 BILLION AS OF 30 SEPTEMBER 2026

  • IMPAIRMENT CHARGE WILL REDUCE BOUYGUES NET PROFIT ATTRIBUTABLE TO GROUP

  • IMPAIRMENT FOLLOWS TF1'S ANNOUNCEMENT OF A SHARP DECLINE IN LINEAR ADVERTISING REVENUE FOR FOURTH CONSECUTIVE QUARTER

Source text: ID:nGNEnVcpQ

Further company coverage: BOUY.PA


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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