Eiffage : Good 2022 results, confidence on 2023
>2022 EBIT 2.5% above expectations - Eiffage reported better-than-expected 2022 results. For Q4, sales came in 9.5% higher vs 2021 (vs +4% expected by the Bloomberg consensus). While APRR reported sales up 1.3%, the nice surprise came from contracting with growth of 11% vs Q4 2021 thanks to the energy systems division (+16%) and infrastructures (+12%). Overall, on the year, sales came in 8.5% higher vs 2021 (with 7.3% on l-f-l) at € 20.319bn (details p2). The backlog ...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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