Eiffage : An excessive correction?
>Abundant liquidity and limited refinancing maturities - Eiffage has lost 47% from its February highs in large part because of fears regarding its balance sheet structure. These fears looks largely overdone.At the level of the holding company and contracting activities, the group had net cash of € 664m at 31/12/19 and a € 2bn approved line of credit (5-year maturity renewable twice for one year).At the level of concessions, net debt stood at € 10,882m at 31/...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.