Earnings release
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BOUYGUES Making progress become reality PRESS RELEASE PARIS 20/05/2021 Certified with wiztrust FIRST - QUARTER 2021 RESULTS SIGNIFICANT YEAR - ON - YEAR IMPROVEMENT IN GROUP RESULTS ○ Sales up 7 % ¹ ○ Current operating result and current operating margin close to Q1 2019² levels о Positive first - quarter net profit attributable to the Group VERY ROBUST FINANCIAL STRUCTURE O High level of liquidity and low level of net debt at end - March 2021 BOUYGUES TELECOM'S FULL - YEAR TARGET FOR EBITDA AFTER LEASES RAISED . OUTLOOK FOR THE GROUP CONFIRMED IN AN ENVIRONMENT THAT REMAINS UNCERTAIN KEY FIGURES ( € million ) Q1 2020 Q1 2021 Change Sales 7,219 Current operating profit / ( loss ) ( 242 ) 7,742 ( 77 ) + 7 % a + € 165m Current operating margin -3.4 % -1.0 % +2.4 pts Operating profit / ( loss ) ( 240 ) b ( 21 ) c + € 219m Net profit / ( loss ) attributable to the Group ( 204 ) 21 + € 225m Net surplus cash ( + ) / net debt ( - ) at 31 March ( 3,589 ) ( 2,643 ) + € 946m ( a ) Up 7 % like - for - like and at constant exchange rates ( b ) Including non - current income of € 2m at Bouygues Telecom ( c ) Including non - current charges of € 4m at Bouygues Immobilier and non - current income of € 60m at Bouygues Telecom The Group's results in first - quarter 2021 showed a significant improvement versus first - quarter 2020 , which was impacted by the initial effects of the pandemic . • Sales were € 7.7 billion , up 7 % versus first - quarter 2020 ( up 7 % like - for - like and at constant exchange rates ) . All business segments reported growth , driven by robust commercial activity . The current operating loss of € 77 million represented a € 165 - million improvement versus first - quarter 2020 , thanks to the effects of the strategic plans and operational initiatives rolled out by the business segments . The current operating loss and current operating margin were close to the levels recorded in first - quarter 2019 ( - € 58 million and -0.7 % , respectively ) . 1 Like - for - like and at constant exchange rates . 2 See table on page 13 below .