ETF News

Bouygues Q1 core loss less than expected, ups telecom outlook

May 20 (Reuters) - French conglomerate Bouygues reported a lower than expected first-quarter core loss on Thursday and raised the full-year guidance for its telecom division, citing a strong performance across the board.

The family-run group’s current operating loss, which narrowed to 77 million euros ($94 million), came close to the levels of the first quarter of 2019 and was below the 142 million loss analysts estimated in a company-provided consensus.

Paris-based Bouygues confirmed its full-year guidance for the group, but raised the core profit target - after leases - for its telecom division.

$1 = 0.8211 euros Reporting by Juliette Portala and Pawel Goraj. Editing by Mark Potter