Bouygues
Encyclopedia
Bouygues S.A. is a French
industrial group headquartered in the 8th arrondissement of Paris
, France
. Bouygues is listed on Euronext Paris
exchange and is a blue chip in the CAC 40
stock market index
. The company was founded in 1952 by Francis Bouygues (educated at the École Centrale Paris
, 1946) and since 1989 has been led by his son Martin Bouygues. In 2010 it had over 133,000 employees in 80 countries, generating €31.2 billion in revenue.
In 1970 Bouygues became listed on the Paris Stock Exchange.
In 1985 and 1986 Bouygues acquired road construction groups Screg, Sacer and Colas
; later reorganised as Colas group
.
In 1987 the company started operating the television channel TF1
.
In 1988 Bouygues moved into its new head office, the Challenger complex, in Saint-Quentin en Yvelines.
In 1996 the company launched Bouygues Télécom
.
In 2006 the company acquired 23.26% of Alstom
.
Construction
Telecoms - Media
Energy - Transportation
General Management
Line divisions:
completed in 1972,
the Tour First in 1974,
the Musée d'Orsay
completed in 1986,
the Île de Ré Bridge
completed in 1988,
the Grande Arche
completed in 1989,
the Hassan II Mosque
completed in 1992,
the Channel Tunnel
completed in 1994,
the Bibliothèque nationale de France
completed in 1995, the Pont de Normandie completed in 1995 and the Stade de France
completed in 1998.
In the post soviet era Bouygues entered the building market in Turkmenistan with projects including several government buildings, the mausoleum of Saparmurat Niyazov
and the largest mosque in central asia, the Kipchak Mosque
, completed in 2004.
The company is also building the Port of Miami Tunnel due to complete in 2014.
s.
worked on this building, as well as the previous head office location, the Challenger complex in Saint-Quentin-en-Yvelines
. This complex, situated in a 30 hectares (74.1 acre) tract in Guyancourt
, is now occupied by Bouygues Construction, one of the group's subsidiaries.
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
industrial group headquartered in the 8th arrondissement of Paris
Paris
Paris is the capital and largest city in France, situated on the river Seine, in northern France, at the heart of the Île-de-France region...
, France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
. Bouygues is listed on Euronext Paris
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
exchange and is a blue chip in the CAC 40
CAC 40
The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Paris Bourse...
stock market index
Stock market index
A stock market index is a method of measuring a section of the stock market. Many indices are cited by news or financial services firms and are used as benchmarks, to measure the performance of portfolios such as mutual funds....
. The company was founded in 1952 by Francis Bouygues (educated at the École Centrale Paris
École Centrale Paris
École Centrale Paris is a French university-level institution in the field of engineering. It is also known by its original name École centrale des arts et manufactures, or ECP. Founded in 1829, it is one of the oldest and most prestigious engineering schools in France and has the special status...
, 1946) and since 1989 has been led by his son Martin Bouygues. In 2010 it had over 133,000 employees in 80 countries, generating €31.2 billion in revenue.
History
The company was founded by Francis Bouygues in 1952.In 1970 Bouygues became listed on the Paris Stock Exchange.
In 1985 and 1986 Bouygues acquired road construction groups Screg, Sacer and Colas
Colas
Colas may refer to:People*Claudius Colas , French Esperantist*Emily Colas, American author*Fabrice Colas , French track cyclist*Paul Colas , French sports shooterBusiness and organisations...
; later reorganised as Colas group
Colas Group
Colas Group is a major French civil engineering firm specialising in road construction and rail track construction through its subsidiary Colas Rail. Since the 1990s the group has incorporated the road construction firms Screg and Sacer....
.
In 1987 the company started operating the television channel TF1
TF1
TF1 is a national French TV channel, controlled by TF1 Group, whose major share-holder is Bouygues. TF1's average market share of 24% makes it the most popular domestic network...
.
In 1988 Bouygues moved into its new head office, the Challenger complex, in Saint-Quentin en Yvelines.
In 1996 the company launched Bouygues Télécom
Bouygues Télécom
Team Europcar is a professional road bicycle racing team that competes as a UCI Professional Continental team on the UCI Europe Tour and, when selected as a wildcard, in UCI ProTour events. It was previously a member of the ProTour before being relegated after the 2009 season. Its title sponsor,...
.
In 2006 the company acquired 23.26% of Alstom
Alstom
Alstom is a large multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2010-2011 Alstom had annual sales of over €20.9 billion, and employed more than 85,000 people in 70 countries. Alstom's headquarters are...
.
Business structure
Telecom/media services and new construction businesses (construction, roads, buildings, etc.)Construction
- Bouygues Construction (100% share): public works, electricity, maintenance
- Colas groupColas GroupColas Group is a major French civil engineering firm specialising in road construction and rail track construction through its subsidiary Colas Rail. Since the 1990s the group has incorporated the road construction firms Screg and Sacer....
(96.6% share): roadworks, construction and maintenance - Bouygues Immobilier (100% share): residential, corporate, commercial and hotel real estateReal estateIn general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
and urban development, property development - BINA IstraBINA IstraBINA Istra is a Croatian joint stock company founded in 1995 to facilitate construction and subsequent management of a Istrian Y motorway, consisting of the A8 motorway and the A9 motorway. On September 21, 1995, BINA Istra has been granted concession regarding management of the Istrian Y...
(16% share): motorway development and management
Telecoms - Media
- Bouygues TélécomBouygues TélécomTeam Europcar is a professional road bicycle racing team that competes as a UCI Professional Continental team on the UCI Europe Tour and, when selected as a wildcard, in UCI ProTour events. It was previously a member of the ProTour before being relegated after the 2009 season. Its title sponsor,...
(89.5% share): mobile phone network - TF1 GroupTF1 GroupTF1 Group is a French media holding company , the owner of channel TF1, the largest European private TV channel, and Eurosport, the largest European sports network.The group was formed after TF1 was privatised in 1987...
(43.1% share): audiovisual group; with TF1 itself owning the Eurosport, LCI, TV Breizh, Odysée, and History channels. TF1 also owns 34.3% of Publications Metro France, a free-distribution press group.
Energy - Transportation
- AlstomAlstomAlstom is a large multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2010-2011 Alstom had annual sales of over €20.9 billion, and employed more than 85,000 people in 70 countries. Alstom's headquarters are...
(30.8% share): railways, electric energy production equipment and services
Corporate management
- Martin BouyguesMartin BouyguesMartin Bouygues, born 1952,is chairman and chief executive officer of the French company Bouygues; founded by his father Francis in 1952. In 2006 he was listed at the worlds 214th richest person, and a billionaire....
, Chairman and Chief Executive Officer
General Management
- Olivier Bouygues, Deputy CEO
- Jean-François Guillemin, Corporate Secretary
- Philippe Marien, Chief Financial Officer, Chairman of Bouygues Telecom
- Alain Pouyat, Executive Vice President, Information Systems and New Technologies
- Jean-Claude Tostivin, Senior Vice President, Group Human Resources and Administration
Line divisions:
- Yves Gabriel, Chairman and CEO of Bouygues Construction
- François Bertière, Chairman and CEO of Bouygues Immobilier
- Hervé Le Bouc, Chairman and CEO of Colas
- Nonce Paolini, Chairman and CEO of TF1
- Olivier Roussat, CEO of Bouygues Telecom
Financial data
| Year | 2001 (NF) | 2002 | 2003 | 2004 (IFRS) | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|
| Sales Sales A sale is the act of selling a product or service in return for money or other compensation. It is an act of completion of a commercial activity.... |
20 473 | 22 247 | 21 822 | 20 815 | 23 983 | 26 408 | 29 588 | 32 713 |
| EBITDA EBITDA EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. It is a non-GAAP metric that is measured exactly as stated. All interest, tax, depreciation and amortization entries in the income statement are reversed out from the bottom-line net income... |
1 680 | 2 260 | 2 415 | 2 690 | 3 505 | 3 279 | 3 601 | 3 827 |
| Net profit Net profit Net profit or net revenue is a measure of the profitability of a venture after accounting for all costs. In a survey of nearly 200 senior marketing managers, 91 percent responded that they found the "net profit" metric very useful... |
344 | 666 | 450 | 909 | 832 | 1 246 | 1 376 | 1 501 |
| Net debt | 1 124 | 3 201 | 2 786 | 1 680 | 2 352 | 4 176 | 4 288 | 4 916 |
| Cash flow Cash flow Cash flow is the movement of money into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used for calculating other parameters that give information on a company's value and situation.Cash flow... |
3 151 | 3 519 | 3 615 | |||||
| employees | 126 560 | 118 892 | 124 300 | 113 334 | 115 441 | 122 561 | 136 700 | 145 150 |
| Source : Bouygues | ||||||||
Stock market data
- ISIN Value Code = FR0000120503
| Stock Market Data at 31 December | |||
|---|---|---|---|
| Year | 2006 | 2007 | 2008 |
| Number of shares listed, in millions | nc | 347 | |
| Market capitalisation, in millions of Euros | 16,3 Mds € | 19,8 Mds € | 10,4 Mds € |
Major construction projects
Bouygues has been involved in many major projects including the Parc des PrincesParc des Princes
The Parc des Princes is an all-seater football stadium located in the southwest of Paris, France. The venue, with a seating capacity of 48,712 spectators, has been the home of French football club Paris Saint-Germain since 1974. The current Parc des Princes was inaugurated on 4 June 1972, endowed...
completed in 1972,
the Tour First in 1974,
the Musée d'Orsay
Musée d'Orsay
The Musée d'Orsay is a museum in Paris, France, on the left bank of the Seine. It is housed in the former Gare d'Orsay, an impressive Beaux-Arts railway station built between 1898 and 1900. The museum holds mainly French art dating from 1848 to 1915, including paintings, sculptures, furniture,...
completed in 1986,
the Île de Ré Bridge
Île de Ré
Île de Ré is an island off the west coast of France near La Rochelle, on the northern side of the Pertuis d'Antioche strait....
completed in 1988,
the Grande Arche
Grande Arche
La Grande Arche de la Défense is a monument and building in the business district of La Défense and in the commune of Puteaux, to the west of Paris, France...
completed in 1989,
the Hassan II Mosque
Hassan II Mosque
The Hassan II Mosque is a religious building in Casablanca, Morocco. It is the largest mosque in the country and the 7th largest mosque in the world. Its minaret is the world's tallest at .It stands on a promontory looking out to the Atlantic...
completed in 1992,
the Channel Tunnel
Channel Tunnel
The Channel Tunnel is a undersea rail tunnel linking Folkestone, Kent in the United Kingdom with Coquelles, Pas-de-Calais near Calais in northern France beneath the English Channel at the Strait of Dover. At its lowest point, it is deep...
completed in 1994,
the Bibliothèque nationale de France
Bibliothèque nationale de France
The is the National Library of France, located in Paris. It is intended to be the repository of all that is published in France. The current president of the library is Bruno Racine.-History:...
completed in 1995, the Pont de Normandie completed in 1995 and the Stade de France
Stade de France
The Stade de France is the national stadium of France, situated just north of Paris in the commune of Saint-Denis. It has an all-seater capacity of 80,000, making it the fifth largest stadium in Europe, and is used by both the France national football team and French rugby union team for...
completed in 1998.
In the post soviet era Bouygues entered the building market in Turkmenistan with projects including several government buildings, the mausoleum of Saparmurat Niyazov
Saparmurat Niyazov
Saparmurat Atayevich Niyazov; , was a Turkmen politician who served as President of Turkmenistan from 2 November 1990 until his death in 2006...
and the largest mosque in central asia, the Kipchak Mosque
Kipchak Mosque
Gypjak Mosque or Kipchak Mosque is a mosque in the village of Gypjak about 7 kilometres west of the centre of Ashgabat, Turkmenistan on the M37 highway....
, completed in 2004.
The company is also building the Port of Miami Tunnel due to complete in 2014.
Related party transactions
In 2006 The Economist reported a complex series of transactions between 1989 and 1997 through which Martin and Olivier Bouygues were able to personally acquire assets in the firm, to the detriment of other shareholderShareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
s.
Head office
The Bouygues head office is located at 32 Avenue Hoche in the 8th arrondissement of Paris. The American architect Kevin RocheKevin Roche
Kevin Roche is an Irish-American architect known for his creative work with glass.Born in Dublin, Roche spent his formative years in Mitchelstown, Co. Cork before he graduated from University College Dublin in 1945. He then worked with Michael Scott from 1945-1946...
worked on this building, as well as the previous head office location, the Challenger complex in Saint-Quentin-en-Yvelines
Saint-Quentin-en-Yvelines
Saint-Quentin-en-Yvelines is a new town in the French département of Yvelines. It is one of the original five villes nouvelles of Paris and was named after the Saint Quentin Pond, which was chosen to become the town's centre. The town was built from a greenfield site starting in the 1960s. In...
. This complex, situated in a 30 hectares (74.1 acre) tract in Guyancourt
Guyancourt
Guyancourt is a commune in the Yvelines department in the Île-de-France region in north-central France. It is located in the south-western suburbs of Paris from the center, in the "new town" of Saint-Quentin-en-Yvelines.-Geography:...
, is now occupied by Bouygues Construction, one of the group's subsidiaries.