Bouygues results hit by £477m Covid-19 impact

Grant Prior 5 years ago
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The impact of Covid-19 on its construction business cost Bouygues £477m globally during the first half of this year.

Latest group results for the international giant reveal a construction operating loss of £393.3m compared to an operating profit of £64.8m last time as turnover fell £2.34bn to £9.72bn.

Bouygues said: “The decrease was entirely attributable to Covid-19, the impact of which was estimated at -€530 million  (£477m) over the period.

“The Covid-19 pandemic strongly affected the construction businesses’ financial results in first-half 2020.

“After reaching a low point in April, the construction businesses returned to profitability in June 2020.”

Martin Bouygues, Chairman and CEO of Bouygues, said: “The long-term trends on which the Group relies remain buoyant, despite the current crisis.

“After a challenging first half of the year, our fundamentals and our strategy should enable us to return to growth in all three sectors of activity.”

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