French construction giant Bouygues is doing well and is optimistic for 2012 despite the crisis due to the increase in its backlog, said Thursday its CEO Martin Bouygues in an interview with Les Echos newspaper on Thursday
"No, for now we are not affected by the crisis," said MBouygues
"The economy remains good, with beautiful international orders and no noticeable slowdown in France," he added
"Based on our book and home sales made this year, which will be realized in sales next year, we are very confident and serene in 2012," he adds, noting that the order book group had increased by 7% in the first nine months of the year
The current crisis "has nothing to do, for the construction industry you it says, with the 1990s, which was catastrophic"
Martin Bouygues has also said serene despite the debt crisis that affects the bond marketThe rating agency Standard & Poor's lowered by one notch the end of November the group note the passing of "A-" to "BBB +"
"It does not raise concern among Bouygues, because it's been a while we are working to optimize our capital structure," he said
"Our bond debt is very spread out, we have no short-term maturityI do not pretend that this crisis of funding has no impact on the construction industryIn particular, the financial arrangements are more complex and more expensive but customers equally determined, "he acknowledged, however,
The diverse group Bouygues (construction, real estate, media, telecom) has made a net profit up 3% in the third quarter of 2011 to 403 million euros and foresees a turnover of 32.2 billion euros for year 2011
Source: AFP |
