Colas: steep losses in the first half but a record order book – 08/02/2022 at 18:12


(AOF) – Colas, the road construction subsidiary of Bouygues, published, for the first half of 2022, net income, Group share, which amounted to -132 million euros, compared to -112 million euros at end of June 2021. Current operating income was -€160 million, down €60 million. Turnover of 6.5 billion euros recorded an increase of 17% (+9% at constant scope and exchange rates). The group claims a record order book of 12.9 billion, up 25% over one year.

Colas has indicated that it does not operate in Russia and Ukraine and that it is not directly affected by the ongoing conflict. However, the group remains very vigilant with regard to macro-economic developments and their direct and indirect repercussions on its activities and results.

In terms of outlook, “2022 turnover should show a significant increase compared to 2021, due to the high amount of the order book to be achieved in the second half of 2022, the contribution of Destia, the increase in unit prices of products and services sold by the group in a strongly inflationary context, and the exchange rate effect linked to the weakness of the euro against the dollar”, indicates a press release, adding that “Colas expects current operating income in 2022 higher than that of 2021”.



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