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
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. - ...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Q1 2020 sales down 4.3%, largely as expected

>Q1 2020 contracting sales down 5.3% - Eiffage yesterday evening reported Q1 2020 sales down -4.3% at € 3.748bn (and -5.3% l-f-l, close to our forecast of -4.7% l-f-l).The decline was driven largely by the contracting division which saw its sales contract by -5.3% (-5.5% l-f-l), hurt by France entering lockdown and challenging comparison basis (+15.9% in Q1 2019 thanks to mild temperatures). The negative trend was particularly pronounced in the construction busin...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Chiffre d’affaires T1 2020 en baisse de 4.3% sans grande surprise

>Chiffre d’affaires T1 en baisse de 5.3% dans les travaux - Eiffage a publié hier soir un chiffre d’affaires T1 2020 en baisse de -4.3% à 3,748 M€ (et -5.3% lfl, proche de nos attentes de -4.7% lfl).La baisse provient principalement de l’activité Travaux qui voit son chiffre d’affaires se contracter de -5.3% (-5.5% lfl) pénalisée par l’entrée en confinement en France et une base de comparaison difficile (+15.9% au T1 2019 grâce à une météo clémente). La baisse es...

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. - ...

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 : Q1 2020 sales down 4.3%, largely as expected

>Q1 2020 contracting sales down 5.3% - Eiffage yesterday evening reported Q1 2020 sales down -4.3% at € 3.748bn (and -5.3% l-f-l, close to our forecast of -4.7% l-f-l).The decline was driven largely by the contracting division which saw its sales contract by -5.3% (-5.5% l-f-l), hurt by France entering lockdown and challenging comparison basis (+15.9% in Q1 2019 thanks to mild temperatures). The negative trend was particularly pronounced in the construction busin...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Chiffre d’affaires T1 2020 en baisse de 4.3% sans grande surprise

>Chiffre d’affaires T1 en baisse de 5.3% dans les travaux - Eiffage a publié hier soir un chiffre d’affaires T1 2020 en baisse de -4.3% à 3,748 M€ (et -5.3% lfl, proche de nos attentes de -4.7% lfl).La baisse provient principalement de l’activité Travaux qui voit son chiffre d’affaires se contracter de -5.3% (-5.5% lfl) pénalisée par l’entrée en confinement en France et une base de comparaison difficile (+15.9% au T1 2019 grâce à une météo clémente). La baisse es...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Feedback from conference call - our Top Pick for an exit from lockdown

>Motorways: French tourism should support the recovery this summer - At the conference call that we organised on Friday, Xavier Ombrédanne, head of financing and IR at Eiffage, confirmed that after APRR’s relatively good performance in Q1 (traffic down 8.2%), the drop in traffic in April is in line with that of its peers (around-80%) and is significantly penalised by light vehicles (around -90% vs -40-50% for HGVs). Bear in mind that in 2019, HGVs represented 16% of t...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Feedback Conf call : notre valeur préférée en sortie de confinement

>Autoroutes : le tourisme des français devrait soutenir la reprise cet été - Lors de la conférence téléphonique que nous avons organisée vendredi, Xavier Ombrédanne, directeur des financements et des relations investisseurs d’Eiffage, a confirmé qu’après la relativement bonne performance d’APRR au T1 (trafic en baisse de 8,2%), la baisse du trafic d’avril est en ligne avec celle de ses pairs (environ -80%) fortement pénalisée par les véhicules légers (env. -90% vs -40...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR: Fall in traffic of 8.2% in Q1 2020

>Traffic down -9.1% for LVs and -4.3% for HGVs - APRR has reported traffic down 8.2% in Q1 2020, which was better than our expectations (ODDO BHF: -11% est.).This decline was penalised by light vehicle traffic, down 9.1% in Q1 2020 (ODDO BHF’s estimate: -11.7%); HGV traffic was down -4.3% (ODDO BHF’s estimate: -8.3%).While traffic had been very good over the first 2 months of the year (+10.1%, of which +1.3% for heavy goods vehicles and +12.2% for light vehi...

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. - ...

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 – COMMENTAIRES DETAILLES 27/04/2020

Dans un contexte de crise qui n’épargnera pas les résultats et le cash des spiritueux, nous privilégions la résilience des leaders. Nous passons à l’Achat sur Diageo, qui pourrait être plus à même d’atténuer les impacts EBIT et cash de la crise actuelle. Nous restons à l’Achat sur Pernod Ricard. Nous sommes prudents sur Rémy Cointreau mais aussi sur Campari, qui risque de souffrir de son exposition importante au on-trade. - Cf. étude publiée ce jour. - ...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean Danjou
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/22/2020

The rise in share prices from the low points raises questions. The arguments in favour, an unprecedented response from states and central banks, the probable reaching of the pandemic peak and the beginning of the lifting of lockdown measures, are known. But a slew of unknown elements (the profits mass post-normalisation, possible epidemic rebound) persist and the macro low point has not yet been reached. A modelling of the time to reach the trough carried out on the last 5 bear marke...

EIFFAGE with less fundamental stars is reduced to Neutral

EIFFAGE (FR), a company active in the Heavy Construction industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date March 3, 2020, the closing price was EUR 96.90 and its expected value was estimated at EUR 105.18.

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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