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Colas — Earnings Release 2010
May 21, 2010
1214_10-q_2010-05-21_31afa0a3-74fc-4974-a2a8-a943aec843ec.pdf
Earnings Release
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May 21, 2010
COLAS
(subsidiary of Bouygues)
French Société Anonyme with share capital of 48,902,683.50 euros
Head office: 7, place René Clair - 92653 Boulogne-Billancourt, France
BREAKDOWN OF 1 ST QUARTER 2010 REVENUE BY BUSINESS SECTOR
(in millions of euros)
COLAS 1 st quarter 2010 Business was penalized by unfavorable weather
| 2010 | 2009 | Fiscal 2009 |
|
|---|---|---|---|
| I. Parent Company | |||
| st • 1 quarter |
97 | 97 | 573 |
| II. GROUP | |||
| st • 1 quarter |
|||
| - Roads - Civil Engineering, Electricity, Pipes - Waterproofing - Signaling, Safety, Traffic Management - Building - Railways |
1,285 148 134 55 86 120 |
1,414 147 144 56 84 127 |
8,979 783 577 331 393 518 |
| TOTAL | ____ 1,828 |
____ 1,972 |
_____ 11,581 |
The Colas Group's consolidated revenue at the end of March 2010 totaled 1.828 billion euros, compared to 1.972 billion euros at the end of March 2009, a 7.3% decrease (-7.7% with comparable exchange rates and scope of business). A breakdown of these figures shows that France accounted for 1.223 billion euros (-5.9%) and the international units for 605 million euros (-10.1%).
Business was put at a sharp disadvantage by very harsh winter weather in France (especially in January and February), Europe and North America. Climate conditions were even worse than those recorded during the 1 st quarter 2009.
It is important to underline that 1 st quarter activity is not highly significant, due to the strong seasonal nature of the majority of Colas' businesses.
Work-on-hand remains high at the end of March 2010 with 7.0 billion euros, slightly more than the 6.7 billion euros recorded at the end of March 2009.