Bouygues Net Lifted by Construction Sector, Centrica Faces Customer Loss

Sarla Buch
22 Feb, 2018
New York City

Bouygues profit surged on construction segment. Centrica net plunged after the utility lost 75,000 customers. ISS net declined 10% on weak revenues. UCB net soared 42% on 9% jump in revenues.

[R]4:00 PM Frankfurt – Bouygues profit surged on construction segment. Centrica net plunged after the utility lost 75,000 customers. ISS net declined 10% on weak revenues. UCB net soared 42% on 9% jump in revenues.[/R]

In London trading, FTSE 100 index increased 18.58 or 0.3% to 7,265.35 and in Frankfurt the DAX index slipped 52.32 or 0.4% to 12,435.95.

In Paris, CAC 40 index decreased 13.10 or 0.3% to 5,276.75.

Bouygues SA gained 0.6% to €43.39 after France-based telecom and construction services provider reported revenues in the year ending in December jumped 4% from a year ago to €32.9 billion.

Net profit in the year surged 48% to €936 million from €632 million in a year ago period.

Bouygues said revenues in the construction segment advanced 3% to €25.8 billion, in the telecom segment soared 7% to €5.1 billion and revenues in TF1 increased 3% to €2.1 billion.

Centrica Plc jumped 5.8% to 139.90 pence after the U.K.-based gas and electricity provider said revenues in the year ending in December advanced 3% from a year ago to £28 billion.

Net income in the year plunged 80.4% to £333 million from £1.7 billion in a year ago six-month period and diluted earnings per share dropped to 6 pence from 31.2 pence.

Centrica’s total consumer energy supply customer base declined 6.6% to 24.4 million and in business segment customers dropped 5.9% to 1.3 million.

ISS A/S soared 6% to 236.40 Danish krone after Denmark-based cleaning and security services provider reported revenues in the year ending in December increased 1.5% from a year ago to 79.9 billion krone.

Net income in the year declined 10% to 2 billion krone from 2.2 billion krone in a year ago period and diluted earnings per share slumped to 10.8 krone from 12 krone.

The cleaning and security services provider forecasted fiscal 2018 revenue growth in the range of 1.5% to 3.5% and operating margin of about 5.6%.

UCB SA advanced 4.1% to €68.60 after Belgium-based biopharmaceutical and specialty chemicals maker reported revenues in the year ending in December surged 9% from a year ago to €4.5 billion.

Net profit in the year soared 42% to €771 million from €753 million in a year ago period and diluted earnings per share jumped to €4 from €2.76.

UCB estimated fiscal 2018 revenue growth between €4.5 billion and €4.6 billion and operating profit in the range of €1.3 billion to €1.4 billion and earnings per share in the range of €4.30 to €4.70.