PR Newswire/Les Echos/
COLAS
(subsidiary of Bouygues)
French société anonyme with a share capital of 48,820,006.50 euros
Head office: 7, place René Clair - 92653 Boulogne-Billancourt, France
COMPARED REVENUE FIGURES (excluding taxes)
(in millions of euros)
Reminder
fiscal
2009 2008 2008
I. PARENT COMPANY 740
. First quarter 97 92
II. GROUP
. First quarter 1,972 2,189
Consolidated revenue 1,972 2,189 12,789
COLAS: slow start-up for first quarter 2009
At the end of March 2009, consolidated revenue for the Colas Group
amounted to 1,972 billion euros, down 9.9% compared to 2,189 billion euros at
the end of March 2008 (11.4% with identical exchange rates and scope of
business).
Business during the first quarter in France got off to a slower start than
in previous years due to an extremely harsh winter - which had not been the case
for a number of years, thus contrasting with the exceptionally favorable weather
conditions during the first quarter of 2008.
In the Group's international units, revenue at the end of March 2009 is
nearly the same as that recorded at the end of March 2008.
It is important to underline the fact that first quarter business
figures are not significant, given the highly seasonal nature of Colas'
activities.
Work-on-hand at the end of March 2009 totaled 6.8 billion euros, compared
to 7.3 billion euros at the end of March 2008. Down 7% compared to the record
March 2008 figures (5% if we do not include exceptional non-recurrent major
projects), work-on-hand remains high, and has yet to benefit from the positive
impact of economic stimulus plans, notably in France and North America (US
stimulus package was launched on March 13, 2009).
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