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Bouygues: Oddo says results exceed expectations

( - Oddo believes that Q4 sales growth of 4% exceeds expectations at 10.
3 billion euros (Consensus: 9.93 billion euros), driven by Colas and telecoms (6.3% higher).

Net income exceeds expectations at 336 million euros, against 240 million euros. For 2020 Bouygues expects growth in its construction margin, an underlying margin of over 10% at TF1, growth of around 5% in telecoms and free cash flow of over 300 million euros, Oddo adds.

Following this publication, Oddo confirms its buy rating on the share, with a target price of 44 euros.

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