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Thu September 19 2024

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Bouygues UK margins stuck at 0.3%

22 Sep 22 Bouygues UK grew both turnover and profit last year but is still struggling to push its operating margin any higher than 0.3%.

Bouygues (UK) Ltd has filed its accounts for the year to 31st December 2022. These show 15% revenue growth to 拢483.6m (2020: 拢420.3m) and pre-tax profit up 43% to 拢835,000 (2020: 拢585,000).聽

However, despite the growth, the company鈥檚 operating profit margin remains a very modest 0.3%, as it was in 2020, with operating profit growing from 拢1.3m to 拢1.5m.

鈥淲hilst the company faced cost increases due to inflation on some of its projects and additional costs linked to fire safety related matters, these were more than offset by an increased volume of profitable trading as the company remains resilient against the backdrop of the ongoing Covid-19 pandemic,鈥 said finance director Jean Luc Midena.

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