Eiffage : Feedback from road show: focus on 2021 and capital allocation
>2021: no detailed guidance but a confident tone - At the meetings that we organised with Eiffage's management (CFO and treasurer) and German investors, the questions, unsurprisingly, centred on the outlook for 2021 after this atypical 2020. Eiffage has issued no detailed guidance (see our comments of 25 February). Whilst the outlook is encouraging for the contracting activity (see below), the main uncertainty remains motorway traffic trends.Even though traffic 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.
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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