Eiffage : A good Q3 thanks to the energy division
>Q3 sales up +7.7% on a reported basis (+4.6% l-f-l), 2% above forecasts - Having posted a 5% increase in APRR sales in Q3 vs 2023 (see our note of 18 October), Eiffage posted a 7.7% increase in Q3 sales vs 2023 (of which +4.6% l-f-l), 2% above our forecasts. Over 9M, sales are up +6.8% vs 2023 (of which +3.6% l-f-l). In Q3, the contracting business was up 7.9% vs 2023 (+4.5% l-f-l), driven by the energies divisions (+16.9% l-f-l vs +3.3% for VINCI) far above for...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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