Bouygues Immobilier is a leading private property developer in France and Europe, with 1,969 employees at 31 December 2018 and sales of €2,628 million in 2018. With 39 branches in France and four outside France, Bouygues Immobilier has nearly 60 years' experience in developing residential, corporate and commercial projects in more than 250 towns and cities. Bouygues Immobilier has a strong commitment to innovation and sustainable development and therefore seeks to provide better quality of life over the long term for all its customers by making their experience of the buying process and their use of the living spaces and services created for them as pleasant as possible. Our high demands in terms of quality and our concern for the working conditions of employees is recognised by the fact that Bouygues Immobilier is the first property developer to be certified ISO 9001 in France, NF Habitat HQE and Top Employer France 2019.
In a challenging environment, the company adapted its offering and organisation to the new market conditions Bouygues Immobilier recorded sales of €2,989 million in 2009, a 2% rise versus 2008. Residential property sales increased 16% to €2,084 million, thus reflecting the strong business activity of 2007 and the very good level of notarised sales in 2009. Commercial property sales declined 20% to €905 million after the delivery of major programmes in the first half of 2009.
Promotional efforts on housing programmes initiated before the crisis of 2008 weighed – as expected – on the operating margin, which stood at 6.8%, down 1.6 points.
The backlog totalled €2,178 million at year-end, representing ten months of sales in the residential segment. The inventory of unsold completed homes in France came to 45 units, equating to two days of marketing.
Net profit attributable to the Group for 2009 amounted to €110 million, 5% up on the previous year, thanks to the reduction in production and structural costs that Bouygues Immobilier which was initiated as early as the end of 2008.
Net surplus cash stood at €146 million at 31 December 2009. The company had shareholders’ equity of €512 million.