A N N U A L R E P O R T - Bouygues

FULL-SERVICE CONTR
Bouygues Construction is one of the world’s leading
construction companies, offering customers
comprehensive building, civil works and electrical
contracting skills and services ranging from
project design to maintenance. It combines the
strength of a large group with the responsiveness
of a network of smaller contracting businesses.
Highlights
New concessions
• A41 motorway (€500m).
• Cyprus airports (€500m).
• Gautrain, the Pretoria-Johannesburg
rail link in South Africa (€500m).
Major new contracts
• T1 tower at La Défense, in France (€97m).
• Renault logistics platform at Sens in France
(€77m).
• Olkiluoto EPR nuclear power station in Finland
(€170m).
• Hotel and office complex in Trinidad & Tobago
(€165m).
Projects under construction
• Lok Ma Chau tunnel in Hong Kong (€290m).
• Port of Tangier in Morocco (€170m).
Projects delivered
• A28 motorway in France (€658m).
• Hong Kong Exhibition Centre (€245m).
• UK Home Office (€325m).
Sales 2005
€6,131m
(+11%)
Operating profit
€238m
(+42%)
Net profit (Group share)
€175m
(+25%)
Employees
38,500
Sales target 2006
€6,450m
(+5%)
The port of Tangier in Morocco
Excellent commercial
and financial
performance
Record level of orders booked:
€6,510 million
In favourable economic conditions,
Bouygues Construction achieved
some notable commercial successes
in 2005. Orders booked in France
amounted to €3,958 million, €933 million
more than in 2004, while orders
on international markets increased by
€459 million to €2,552 million.
Orders overtook sales in 2005, a performance
all the more remarkable in
that it does not include three major
contracts won in 2005 but awaiting
finalisation at year-end: the A41 motorway
(€500m), the Cyprus airports
(€500m) and the Gautrain rail link
between Pretoria and Johannesburg
in South Africa (€500m).
Rising sales: €6,131 million
With an 11% increase in sales, Bouygues
Construction turned in an excellent
performance boosted by delivery of
the A28 motorway in France, the Home
Office headquarters in the UK and
AsiaWorld Expo in Hong Kong.
On a buoyant French
market, sales rose by
13% to €3,653 million.
Sales outside France rose by 9% to
€2,478 million.
Strong growth at ETDE was a contributing
factor to a robust sales performance:
for the first time in its history,
ETDE’s sales broke the billion euro
barrier. A policy of external growth
since 2001 and a dynamic sales force
have enabled ETDE to double its sales
in three years.
IFRS
14