French contractor said last month losses at UK arm had widened to £76m last year
French giant Bouygues has appointed a new chief financial officer at its €12bn construction arm.
The firm, which also includes a media and telecoms business, said Clotilde Solier has succeeded Julien Toqueboeuf, who is joining Bouygues subsidiary Equans.
Solier started her career in the management control department at the group before leaving Bouygues in 2009, later rejoining the firm in 2015.
In July, the firm said group turnover slipped 1% to to €26.3bn (£22.5bn) for the first six months of this year. It said its current operating profit from ongoing activities was up 4% to €829m (£708m). Revenue at the firm’s construction arm was down 2% to €12.4bn (£10.6bn) during the period.
Last month, Bouygues said its UK construction business sank further into the red last year – taking the company’s cumulative losses over the past four years to more than £200m.
The firm said pre-tax losses in 2025 widened to £76m from £32m last time on turnover up 15% to £395m.
Philippe Bernard, chair and CEO of Bouygues UK, said the ongoing losses had prompted the firm into a business rethink.
He said: “Although our 2025 financial year was challenging, marked by inflation, labour shortages, geopolitical uncertainty and building safety liabilities, we have recently taken a rigorous approach to reassessing our business strategy. We’re pursuing more strategic contract selection and improved project delivery to enhance margins and sustainability.”
No comments yet