Eiffage S.A.

Eiffage is a construction and concessions group. Co.'s operations are organized into five divisions. The Concessions and PPPs division is engaged in construction and operating of infrastructures under concessions and public private partnerships. Through the Construction division, Co. is engaged in building design and construction, property development and building maintenance. Through the Public works division, Co. is engaged in civil engineering, road construction, infrastructure maintenance and material production. The Energy division specializes in electrical contracting and air conditioning. Through the Metal division, Co. is engaged in metallic construction and services to industry.
  • TickerFGR
  • ISINFR0000130452
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance
Sven Edelfelt ...
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/22/2020

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Sven Edelfelt ...
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/07/2020

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Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR: Q2 traffic down 51%, a shade better than expected

>Q2 traffic was down -56.3% for light vehicles and -23.8% for HGVs - APRR has published a 51% decline in traffic for Q2 2020, vs our forecast of -54.3% and -55% reported by Sanef. As expected, light vehicles posted a deeper decline at -56.3% (ODDO BHF: -60%e) whilst HGVs were more resilient (-23.8% vs ODDO BHF: -25%e). Unsurprisingly, APRR was impacted by lockdown measures and border closures in mid-March. The gradual lifting of these measures in France since 11 May l...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR: trafic T2 en baisse de 51%, un peu meilleur qu’attendu

>Trafic T2 en baisse de 56.3% pour les VL et de 23.8% pour les poids lourds - APRR a publié un trafic en baisse de 51% au T2 2020, contre -54.3% attendus par ODDO BHF et -55% publiés par Sanef. Comme attendu, les véhicules légers sont en recul plus marqué à -56.3% (ODDO BHF : -60%e) alors que les poids lourds ont mieux résisté (-23.8% vs ODDO BHF : -25%e). Sans surprise, le trafic d’APRR a été impacté par l’application des mesures de confinement et de fermeture des ...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : A Q2 in lockdown hell

We are forecasting an historically low H1 2020, penalised by the lockdown effects. On the basis of our H1 estimates and the full-year consensus, several stocks are likely to disappoint (Imerys and Vicat). Conversely, the full-year consensus seems to incorporate a margin for error and, possibly, potential for upward revision for LafargeHolcim, Getlink and Eiffage. Saint-Gobain and Eiffage remain our favourite stocks, particularly as the market and investors are already looking to ...

Jérôme VINERIER

Short term view - EIFFAGE : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €80.20, then €76.70. Passing €92.10 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - EIFFAGE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 80,20 €, puis 76,70 €. Le franchissement de 92,10 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse court terme - EIFFAGE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 80,20 €, puis 76,70 €. Le franchissement de 92,10 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - EIFFAGE : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €80.20, then €76.70. Passing €92.10 would question the continuation of the fall.

Jérôme VINERIER

Medium term view - EIFFAGE : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €84.70. A break below €84.70 would challenge the trend.

Eiffage: 1 director bought

A director at Eiffage bought 200 shares at 97.000EUR and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR: Q2 traffic down 51%, a shade better than expected

>Q2 traffic was down -56.3% for light vehicles and -23.8% for HGVs - APRR has published a 51% decline in traffic for Q2 2020, vs our forecast of -54.3% and -55% reported by Sanef. As expected, light vehicles posted a deeper decline at -56.3% (ODDO BHF: -60%e) whilst HGVs were more resilient (-23.8% vs ODDO BHF: -25%e). Unsurprisingly, APRR was impacted by lockdown measures and border closures in mid-March. The gradual lifting of these measures in France since 11 May l...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR: trafic T2 en baisse de 51%, un peu meilleur qu’attendu

>Trafic T2 en baisse de 56.3% pour les VL et de 23.8% pour les poids lourds - APRR a publié un trafic en baisse de 51% au T2 2020, contre -54.3% attendus par ODDO BHF et -55% publiés par Sanef. Comme attendu, les véhicules légers sont en recul plus marqué à -56.3% (ODDO BHF : -60%e) alors que les poids lourds ont mieux résisté (-23.8% vs ODDO BHF : -25%e). Sans surprise, le trafic d’APRR a été impacté par l’application des mesures de confinement et de fermeture des ...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : A Q2 in lockdown hell

We are forecasting an historically low H1 2020, penalised by the lockdown effects. On the basis of our H1 estimates and the full-year consensus, several stocks are likely to disappoint (Imerys and Vicat). Conversely, the full-year consensus seems to incorporate a margin for error and, possibly, potential for upward revision for LafargeHolcim, Getlink and Eiffage. Saint-Gobain and Eiffage remain our favourite stocks, particularly as the market and investors are already looking to ...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : Un T2 dans l’enfer du confinement

Nous tablons sur un S1 2020 historiquement bas, pénalisé par les effets du confinement. Sur la base de nos estimations S1 et du consensus annuel, plusieurs valeurs nous semblent susceptibles de décevoir (Imerys et Vicat). A l’inverse, le consensus annuel nous semble intégrer une marge d’erreur, voire un potentiel de révision à la hausse pour LafargeHolcim, Getlink et Eiffage. Saint-Gobain et Eiffage restent nos valeurs préférées d’autant que le marché et les investisseurs ont déj...

Delphine Brault ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Construction in France: when “les Bleus” become green

Recent announcements of stimulus plans in France and in Europe have kindled hope. The present report analyses in detail the different segments of the French construction sector. The sector could contract by 14%e in 2020 whilst 2021 will likely be marked by a rebound (+9% estimated) but this will not be enough to return it to its pre-crisis activity levels. We favour exposure to thermal renovation and infrastructure. Thus, Saint-Gobain, Eiffage and Vinci should turn in decent perf...

Maxime Kogge

Eiffage : Issuance Focus

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Maxime Kogge

Eiffage : Focus Emission

Eiffage, le n°3 français de la construction et des concessions, a lancé lundi un projet d'émission obligataire inaugurale. Le groupe bénéficie de positions de leadership dans la construction et les concessions principalement en France. Il a également un track record solide de gestion de ses projets et de génération de cash grâce notamment à un développement prudent et un carnet de commandes très diversifié par taille et nature de projet. Le groupe affichait au 31 décembre 2019 un...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/22/2020

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Sven Edelfelt ...
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/07/2020

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Anis Zgaya ...
  • Benoit Valleaux
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/13/2020

This crisis has provided an opportunity for the telecoms sector to demonstrate its operational resilience and strategic importance. We have upgraded Proximus and Orange BE to Buy, Iliad and Deutsche Telekom remain our Top Picks whilst Telefonica is suffering from its presence in Latin America. Cf. report published today. - ...

Anis Zgaya ...
  • Benoit Valleaux
  • Emmanuel Matot
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/05/2020

Cette crise aura été l’occasion pour les télécoms de démontrer leur résilience opérationnelle et leur aspect stratégique. Nous upgradons à l’Achat Proximus et Orange BE, Iliad et DT restent nos top pick, Telefonica souffre de sa présence au Latam. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Florent Laroche-Joubert
  • Jean Sassus
  • Martial Descoutures
  • Olfa Taamallah
  • Pierre Tegner
  • Sebastien Malafosse
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/27/2020

In a crisis that is set to affect the earnings and cash of spirits groups, we choose to focus on the resilience of sector leaders. We have upgraded to Buy on Diageo, which could be the best placed to offset the EBIT and cash impacts of the current crisis. We maintain our Buy rating on Pernod Ricard. We are still cautious on Rémy Cointreau but also on Campari, which could suffer from its significant on-trade exposure. - Cf. report published today. - ...

For EIFFAGE, the environment deterioration entails a downgrade to Neutral

EIFFAGE (FR), a company active in the Heavy Construction industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date June 16, 2020, the closing price was EUR 83.58 and its expected value was estimated at EUR 77.49.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Eiffage - Assemblée générale des actionnaires du 22 avril 2020

Gouvernance : La société propose le renouvellement de Jean-François Roverato, ancien PDG, comme administrateur. M. Roverato est Vice-Président Administrateur Référent. La désignation d’un ancien PDG comme Administrateur Référent ne satisfait pas notre politique de vote puisqu’un administrateur référent (censé contrebalancé les pouvoirs d’un PDG) se doit d’être indépendant. On appréciera donc que la société indique que M. Roverato ne sera plus Administrateur Référent à l’issue de la présente Assemblée. Rémunérations La société communique bien sur la rémunération 2019 de M. de Ruffray, Cependan...

Expert Corporate Governance Service (ECGS)

Eiffage - AGM 22 April 2020

ITEM 5: The Company proposes the re-election of Jean-François Roverato, former CEO, as director. Mr. Roverato is Vice-Chairman and Lead Director. The appointment of a former CEO as Lead Director does not satisfy our voting policy since a Lead Director (supposed to counterbalance the powers of a CEO) must be independent. We therefore appreciate that the Company indicates that Mr. Roverato will no longer be Lead Director at the end of this Meeting.   ITEM 10: The companyns disclosure on the 2019 remuneration of Mr de Ruffray is satisfactory; however, the performance condition of performance sh...

Eiffage - Assemblée générale des actionnaires du 24 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Eiffage – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 25/04/2018

Le principal sujet de cette assemblée générale concerne la politique de rémunération 2018 du Président Directeur Général. En effet, la société propose de modifier les conditions de performance attachées aux actions de performance. Jusqu'à présent, une seule condition de performance déterminait le nombre d'actions finalement acquises. Cette condition de performance (performance du cours sur une période de 3 ans) permettait l'acquisition en cas de sous performance, ce qui n'était pas acceptable. Les nouvelles conditions de performance sont au nombre de 3 (performance du bénéfice par action et p...

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