CFE - H1-23 impacted by challenging market
H1-23 result well expectations due to challenges for Construction and Multitechnics, partly offset by strong Real Estate and InvestmentsWithdraws quantitative outlook for 2023We will reduce our estimates and cut our target price from EUR 12 to EUR 10.50CFE is engaged in civil engineering, buildings and industrial construction, dredging works and electrical installations. Co. is also engaged in property development, environmental protection and building management. Co.'s works carried on by Co.'s civil engineering group includes the following: hydraulic engineering, harbor works, bridges, and other engineering works, tunnels, road construction, dams, storage tanks, piping and drainage and caissons sunken soft soil. Co.'s buildings and industrial construction sector is active in the following fields: administrative buildings, industrial construction, public utility buildings, redevelopment, and residential buildings.
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