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Bouygues keeps 2014 goals despite higher Q1 operating loss
May 15, 2014 / 4:00 PM / 3 years ago

Bouygues keeps 2014 goals despite higher Q1 operating loss

PARIS, May 15 (Reuters) - French construction-to-telecoms conglomerate Bouygues confirmed its full-year targets on Thursday as higher construction revenue helped offset a drop in sales and profit at its struggling telecom unit.

First-quarter group revenue rose 3 percent to 6.84 billion euros ($9.4 billion). The group posted a net profit thanks to exceptional items but its operating loss deepened to 96 million euros from 77 million in the same period a year ago.

According to a company-provided poll of seven analysts, median forecasts for Bouygues had given quarterly sales of 6.54 billion euros, a current operating loss of 90 million and a net loss of 63 million. ($1 = 0.7294 Euros) (Reporting by Natalie Huet; Editing by James Regan)

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