Bouygues Records Non-Cash €569 Mln Impairment On Its Stake In TF1
Oct 30 (Reuters) - Bouygues SA BOUY.PA:
RECORDS A NON-CASH IMPAIRMENT ON ITS STAKE IN TF1. THE GROUP REAFFIRMS ITS CONFIDENCE IN TF1’S TRANSFORMATION STRATEGY.
WILL RECORD AN IMPAIRMENT ON ITS STAKE IN TF1 AMOUNTING TO EUR 569 MILLION
IT WILL HAVE NO IMPACT ON GROUP'S NET DEBT
TF1 CARRYING AMOUNT REDUCED TO €2 BILLION AS OF SEPT 30, 2026
WILL NOT IMPACT ITS LIQUIDITY OR ITS INVESTMENT CAPACITY
CARRYING AMOUNT OF TF1 IN GROUP'S CONSOLIDATED BALANCE SHEET WILL THEREFORE BE REDUCED TO EUR 2.0 BILLION AS OF 30 SEPTEMBER 2026
IMPAIRMENT CHARGE WILL REDUCE BOUYGUES NET PROFIT ATTRIBUTABLE TO GROUP
IMPAIRMENT FOLLOWS TF1'S ANNOUNCEMENT OF A SHARP DECLINE IN LINEAR ADVERTISING REVENUE FOR FOURTH CONSECUTIVE QUARTER
Further company coverage: BOUY.PA