|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||29.73 - 29.88|
|52-week range||25.73 - 33.72|
|Beta (5Y monthly)||1.01|
|PE ratio (TTM)||16.27|
|Forward dividend & yield||1.80 (6.47%)|
|Ex-dividend date||03 May 2022|
|1y target est||N/A|
PARIS (Reuters) -French construction-to-telecoms conglomerate Bouygues dropped its 4% profit margin target for its road-building business Colas on Thursday due to uncertainty over rising costs. Family-owned Bouygues, which has historically enjoyed stronger profitability at France's biggest private TV broadcaster TF1 and its telecoms business, said it was not relevant to give a profitability target for Colas in 2023. Bouygues shares were down 3.9% at 0843 GMT, with its uncertain outlook for Colas coming after the failure of its attempt to merge TF1 with France's second-biggest TV network M6.
By Scott Kanowsky
(Reuters) -French conglomerate Bouygues reported better than expected first-half core profit on Tuesday and raised its telecoms division's targets for the full year. The construction, telecoms and media group posted current operating profit - operating profit excluding exceptional costs mainly related to merger and acquisition activity - of 492 million euros ($505 million) for the six months to June 30. The group now expects Bouygues Telecom's earnings before interest, tax, depreciation, and amortisation (EBITDA) after leases to increase by more than 8% in 2022, having previously projected growth of about 7%.