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Industrials

CORRECTED-Bouygues' Q1 sales fall 9% as COVID-19 crisis bites

(Corrects last paragraph on guidance)

PARIS, May 14 (Reuters) - French conglomerate Bouygues reported a 9% drop in its first quarter sales on Thursday, as coronavirus-related lockdowns started to bite.

Group revenues fell to 7.22 billion euros ($7.80 billion)over the period from 7.93 billion a year earlier, the Paris-based group said in a statement. Current operating losses widened by 184 million euros, bringing total losses in the first quarter to 242 million.

Bouygues said it was “too soon” to provide new full-year financial targets for the group. ($1 = 0.9256 euros) (Reporting by Mathieu Rosemain; Editing by Sudip Kar-Gupta)

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