Contractor Bouygues (UK) blamed challenging market conditions after running up a £19.4m loss last year.
The results cover the period just prior to chairman Madani Sow stepping down in January this 2016 and his replacement by Fabienne Viala, the former western area boss of Bouygues energy and services.
Bouygues UK Chief Executive Officer, Lionel Christolomme, said: “The loss for the year reflects ongoing challenging market conditions within locations traditionally served by the company.
“However the company has continued to be successful in realising new opportunities and continued to secure significant levels of new orders during the year.
“Our reputation across the areas in which we work and the strength of the Bouygues Group provide a solid foundation for the future.”
Revenue over the year remained stable at around £350m, with the firm’s head count jumping 28% to 874 employees.
from Construction Enquirer http://www.constructionenquirer.com/2016/10/12/bouygues-uk-hit-by-19-4m-loss/
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