Investing.com -- Shares of Bouygues (EPA:BOUY) (ENXTPA:EN) climbed 1.7% following the company’s announcement of a small fourth-quarter beat at the COPA level, primarily driven by its Construction and Colas segments, coupled with robust order momentum in Contracting.
The French industrial group also reported a significant free cash flow (FCF) beat, attributed to larger-than-anticipated net working capital inflows in Construction/Colas, contributing approximately €2 per share.
The company’s full-year 2025 guidance suggests continued growth in revenue and COPA at the Group level. However, the 2026 free cash flow guidance for Bouygues Telecom (BCBA:TECO2m) appeared somewhat conservative.
Despite this, the cash flow surplus has allowed Bouygues to propose a higher dividend per share (DPS) of €2.0, marking a 5.5% increase year-on-year (YoY).
Morgan Stanley commented on the results, stating that "stronger cash flow should drive share outperformance today."
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