Bouygues Group full-year 2023 results: Equans achieves its targets
The Bouygues Group has announced its financial results for 2023. Group sales were €56 billion, up 26% year-on-year, while Equans sales were €18.8 billion, up 6% compared to the proforma 2022 figures (€17.7 billion, unaudited).
These figures reflect the positive market trends for Equans. Current operating profit from activities (COPA) in 2023 was €545 million, an increase of €130 million versus the proforma 2022 figure. This reflects the continued roll-out of the Perform plan to all of Equans’ operating units. The margin from activities was therefore 2.9%, in the upper end of the range of between 2.5% and 3% announced at the Capital Markets Day in February 2023.
Full-year order intake in 2023 amounted to €17.4 billion, reflecting significant order intake for data centers, construction of solar farms and gigafactories in Europe and in the United States, as well as recurrent maintenance contracts for industrial sites and public buildings.
In 2024, Equans will remain focused on improving performance in a supportive environment and will continue to prioritise margins over volume growth.