Excluding the surcharge, the net loss would have been 鈧�123 million ($133.2 million), representing a 鈧�23 million ($26 million) year-on-year improvement.

Bouygues reported a 2.2% year-on-year increase in group sales in the first quarter of 2025, reaching 鈧�12.6 billion ($13.6 billion), with improvements across its construction, telecom, and media segments.

Group current operating profit from activities (COPA) climbed to 鈧�69 million ($74.6 million), up from 鈧�26 million ($28.1 million) in Q1 2024.

Bouygues鈥� construction backlog hits record 

The construction businesses 鈥� Colas, Bouygues Construction and Bouygues Immobilier 鈥� reached a record combined backlog of 鈧�34.2 billion ($38 billion) at the end of March, up 12% year on year. Bouygues Construction led the growth with a 17% increase in its backlog to 鈧�18.3 billion ($19.8 billion), while Colas recorded 鈧�15.1 billion ($16.3 billion), up 9%.

Backlog rose in France (9%), the rest of Europe (8%), and other international markets (19%). The company said its international backlog now represents 59% of its total.

Major Q1 project wins included a 鈧�250 million ($270.6 million) rail contract and 鈧�170 million ($184.8 million) roads contract for the Kenitra鈥揗arrakesh high-speed line in Morocco, and an eight-year, 鈧�380 million ($411.3 million) operations and maintenance rail contract in the UK.

Bouygues subsidiary to trial using 鈥榗osmic rays鈥� to inspect 30 bridges around the world A subsidiary of French construction giant Bouygues will harness the power of cosmic rays to inspect 30 major bridges worldwide

Q1 construction sales totalled 鈧�5.5 billion ($5.95 billion) (up 3%), with Colas contributing 鈧�2.6 billion ($2.81 billion) and Bouygues Construction 鈧�2.6 billion ($2.81 billion). Bouygues Immobilier reported sales of 鈧�252 million ($273 million).

The construction segment posted a seasonal current operating profit from activities (COPA) loss of 鈧�240 million ($259.8 million), said to be typical for Q1 due to winter activity slowdowns, particularly for Colas.

Bouygues Construction was the only construction entity to post a positive margin from activities (2.9%).

Equans, Bouygues鈥� energy and services division, posted 鈧�177 million ($191.7 million) in COPA (3.8% margin), up 鈧�44 million year-on-year. 

Bougues鈥� 2025 outlook

Despite geopolitical and macroeconomic uncertainty, Bouygues confirmed its 2025 outlook, targeting a slight increase in group sales and COPA.

Net debt stood at 鈧�7.1 billion ($7.68 billion) at the end of March 2025, down 鈧�645 million ($698.5 million) from a year earlier.

Improved construction sales at Bouygues partially offset residential decline Increases in sales in French conglomerate Bouygues鈥� construction and Equans divisions partially offset a sharp fall in its residential division in 2024

Eiffage鈥檚 Q1 revenue up, but construction division down Eiffage鈥檚 earnings overall were up, but struggles remain in construction division