Bouygues reports record orders

By Helen Wright15 November 2010

Martin Bouygues, chairman and CEO of the Bouygues group

Martin Bouygues, chairman and CEO of the Bouygues group

Industrial conglomerate Bouygues said its construction order book rose a "record" € 14,3 billion at 30 September - up +25% since last September.

And the Paris-headquartered company reported order intake in its construction division climbed +34% during the first nine months of the year to € 8,7 billion.

The increase was driven by several large contract wins, including a € 750 million deal to build the Singapore Sports Hub and a public-private partnership contract to reconfigure the Stade Vélodrome in Marseille.

Bouygues' road-building unit, Colas, also leads a consortium known as Atlandes which was named preferred concession operator in August for the design, financing, construction and operation of a section of the A63 motorway in southwest France.

But despite buoyant orders, the company reported a -5% drop in construction sales to € 6,8 billion for the nine months to 30 September.

This fall was echoed in third quarter sales, which dropped -4% year-on-year to € 2,3 billion.

Nevertheless, Bouygues said construction sales were "in line" with its full-year target of € 9,1 billion.

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