Bouygues

Bouygues S.A.

Company type	Public (S.A.)
Industry	Engineering, Construction, Telecommunications, Media
Founded	1952 (1952)
Founder	Francis Bouygues
Headquarters	Paris (8th arrondissement) , France
Area served	Worldwide
Key people	Martin Bouygues (Chairman and CEO), Olivier Bouygues (Board member)
Products	Construction, civil engineering, property development, telecommunications, media
Number of employees	124,600 (2021)
Website	www.bouygues.com

Bouygues S.A. () is a French multinational engineering corporation based in the 8th arrondissement of Paris, France. It is publicly traded on Euronext Paris and ranks as a blue chip within the CAC 40 index. Established in 1952 by Francis Bouygues, leadership transitioned to his son Martin Bouygues in 1989, with Martin's sibling, Olivier Bouygues, holding a position on the board of directors.

The enterprise specializes in sectors such as construction (Colas Group, Bouygues Construction), property development (Bouygues Immobilier), media (TF1 Group), and telecommunications (Bouygues Telecom).

History

The company was created by Francis Bouygues in 1952 and went public on the Paris Stock Exchange in 1970. During the mid-1980s, Bouygues grew through acquiring road-building companies including Screg, Sacer, and Colas Group, which became a direct subsidiary by 2000 before being restructured as Colas Group. In 1987, Bouygues diversified into media by purchasing the television network TF1. The corporate headquarters were relocated to the Challenger complex in Saint-Quentin en Yvelines in 1988.

In 1996, Bouygues established Bouygues Télécom, and in 2006, it secured a 23.26% shareholding in Alstom. The telecom division expanded further in 2010 with the acquisition of HGT Telecom via its subsidiary Nerem Telecom for $170 million.

After Alstom sold its Energy division to General Electric in 2014, Bouygues provided the French government with a call option to purchase up to 20% of its Alstom shares. In May 2018, Bouygues Construction acquired the Australian company A. W. Edwards.

In 2021, Bouygues notably enhanced its technical services segment by acquiring Equans from Engie for €7.1 billion.

Business structure

The group's operations are divided into the following areas:

Construction

• Bouygues Construction (100% ownership): engages in construction, civil engineering, energy services, operating across 80 countries
• Colas Group (96.8% ownership): specializes in roadworks, construction projects, rail infrastructure, and maintenance
• Bouygues Immobilier (fully owned): focuses on residential, corporate, commercial, hotel real estate projects, and urban planning

Telecommunications and Media

• Bouygues Télécom (90.5% ownership): provides mobile and fixed-line telecommunications services
• TF1 Group (43.7% stake): an audiovisual conglomerate comprising TF1 and nine additional television channels

Transportation

• BINA Istra (30.15% share): Croatian joint-stock entity managing the Istrian Y motorway

Technical services

• Equans

Financial data

Financial figures in millions of euros

Year	2001 (NF)	2002	2003	2004 (IFRS)	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Sales	20,473	22,247	21,822	20,815	23,983	26,408	29,588	32,713	31,353	31,225	32,706	33,547	33,345	33,138	32,428	31,768	32,904	35,555	37,929	34,694	37,589
Net profit	344	666	450	909	832	1,246	1,376	1,501	1,319	1,071	1,070	633	647	807	403	732	1,085	1,311	1,184	696	1,125
Net debt	1,124	3,201	2,786	1,680	2,352	4,176	4,288	4,916	2,704	2,473	3,862	4,172	4,427	3,216	2,561	1,866	1,914	3,657	2,222	1,981	941
employees	126,560	118,892	124,300	113,334	115,441	122,561	136,700	145,150	133,971	133,456	130,827	133,780	128,067	127,470	120,254	117,997	115,530	129,275	130,500	129,000	"124600"

Source: Bouygues

Significant Construction Endeavors

Bouygues has been responsible for delivering a wide array of prominent projects, including:

Europe

• Parc des Princes stadium, completed in 1972
• Tour First skyscraper, finalized in 1974
• Renovation of the Musée d'Orsay, completed in 1986
• Île de Ré bridge, opened in 1988
• Grande Arche located in La Défense, finished in 1989
• Channel Tunnel, inaugurated in 1994
• Bibliothèque nationale de France, completed in 1995
• Pont de Normandie bridge, completed in 1995
• Stade de France stadium, completed in 1998
• Barnet Hospital expansion, completed in 2002
• Redevelopment of West Middlesex University Hospital, finalized in 2003
• Brent Emergency Care and Diagnostic Centre, opened in 2006
• Broomfield Hospital enlargement in Chelmsford, completed in 2010
• North Middlesex University Hospital expansion, finished in 2010

Additionally, Bouygues participates in the consortium responsible for the HS2 lot C1 segment of the UK rail infrastructure project, with completion anticipated by 2031.

Africa

• The Hassan II Mosque situated in Casablanca, Morocco, completed in 1992
• The Henri Konan Bédié Bridge located in Abidjan, Ivory Coast, finalized in 2014

North America

• Construction of the Port of Miami Tunnel, completed in 2014
• Development of the Iqaluit Airport terminal in Nunavut, Canada, finished in 2017

Asia

• The Gypjak Mosque in Turkmenistan, completed in 2004
• The Singapore Sports Hub, finished in 2014
• Extension of LRT Line 1 to Cavite in Metro Manila, projected for completion by 2025

Corporate Headquarters

Bouygues' main office is located at 32 Avenue Hoche within the 8th arrondissement of Paris. This building was designed by American architect Kevin Roche, who also created their former headquarters at the Challenger complex situated in Saint-Quentin-en-Yvelines. The company’s key subsidiary, Bouygues Construction, operates from a sprawling 30-hectare campus based in Guyancourt.

Commitment to Social and Environmental Responsibility

Since 2006, Bouygues has been a signatory to the United Nations Global Compact and supports the sustainable development think tank The Shift Project, collaborating with other major corporations such as EDF, BNP Paribas, and Saint-Gobain.

Collusion on Bidding

In September 2023, Bouygues Construction Expertises Nucléaires (BCEN) received a €6.2 million penalty from the Autorité de la concurrence due to involvement in bid rigging related to contracts at the Marcoule nuclear site, alongside five additional companies.

Bouygues (UK) Ltd. v Dahl-Jensen (UK) Ltd.

In a construction adjudication case within the UK, Bouygues’ British subsidiary terminated its mechanical subcontractor Dahl-Jensen (UK). A Court of Appeal decision from 2002 established that errors made by an adjudicator when calculating payments do not invalidate the ruling if the adjudicator has addressed the dispute brought before them.

Flamanville Incident

Between 2009 and 2011, Bouygues S.A. employed Polish and Romanian laborers under unlawful and harsh conditions at the Flamanville nuclear power plant construction site located in Normandy. Subsequently, the Cherbourg court imposed fines ranging from €25,000 to €29,950 on the company for these breaches of labor regulations.

Cybersecurity Breach Affecting Bouygues Construction SA

On 30 January 2020, Bouygues Construction experienced a ransomware incident orchestrated by the "Maze Ransomware Gang," which caused interruptions to activities at various construction sites. The perpetrators disclosed a 1.2 GB file purportedly containing confidential company information.