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

FRANCE’S LEADING
With 32 branch offices in France and 7 operations
elsewhere in Europe, Bouygues Immobilier designs
and builds residential, office and retail park projects.
In robust financial health and with a
sharp 41% rise in profits, Bouygues
Immobilier further increased its market
share in 2005.
for €1,047 million (67%) of the total,
a rise of 21%, and the corporate segment
for €510 million (33%), a rise
of 18%.
Highlights
Residential
• 8,208 housing units reserved, an increase
of 21%.
• Sharp rise in the regions.
• Growth in the residential segment in Europe.
Office and retail
• 157,000 m 2 of office and retail space sold:
57,000 m 2 in the Paris region (including
46,000 m 2 in Issy-les-Moulineaux),
48,000 m 2 in the regions, especially Lyon and
Dijon, and 52,000 m 2 in Portugal and Spain.
• Delivery of 23,000 m 2 of refurbished office
space at 96 boulevard Haussmann, Paris.
Development
• Promise to buy land for an office development
at Issy-les-Moulineaux (87,000 m 2 ).
• Agencies opened in Amiens, Grenoble and
Lorient.
Sales 2005
€1,557m
(+20%)
Operating profit
€156m
(+31%)
Net profit (Group share)
€90m
(+41%)
Employees
1,000
Sales target 2006
€1,750m
(+12%)
96 Haussmann, Paris,
inaugurated in December 2005
The leading property
developer
Bouygues Immobilier designs, builds
and sells property development projects.
In order to do so, it identifies and
buys land then draws up projects with
architects and design firms.
It generally acts as the contracting
authority for the developments,
which
it then sells to
individual customers
or
investors.
Reservations in 2005 amounted to
€1,738 million, 12% up on the previous
year, and included:
• 8,208 housing units for €1,350 million
(up 26%);
• 157,000 m 2 of commercial and corporate
property for €388 million
(down 19%).
Sales in 2005 amounted to €1,557 million,
20% up on the previous year.
The residential segment accounted
Current operating profit amounted
to €156 million, representing 10% of
sales, compared with 9.2% in 2004.
Net profit attributable to the Group
rose by 41% to €90 million.
Bouygues Immobilier has shareholders’
equity of €285 million and reported
a net cash surplus for the third
year running.
Residential property:
still a thriving market
An estimated 121,500 housing
units were built on the
IFRS
20