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Colas — Earnings Release 2010
May 11, 2010
1214_10-q_2010-05-11_4cc7f6d7-8328-4a8a-bb42-5ad28db1d0a5.pdf
Earnings Release
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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
COMPARED REVENUE FIGURES (excluding taxes)
(in millions of euros)
| 2010 | 2009 | Fiscal 2009 |
|
|---|---|---|---|
| I. PARENT COMPANY | 573 | ||
| st • 1 quarter |
97 | 97 | |
| II. GROUP | 11,581 | ||
| st • 1 quarter |
1,828 | 1,972 |
COLAS 1 st quarter 2010 Business was penalized by unfavorable weather conditions.
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.