Eiffage : Good momentum continues
>Revenues up 11.5% l-f-l, 5% ahead of expectations - Yesterday evening Eiffage reported Q1 2023 revenues of € 4,946m, up 11.5% l-f-l and 3.1% reported (beating our estimate of € 4,627m and the Visible Alpha consensus of € 4,716m). Like VINCI, price effects probably account for this good performance. APRR had already reported revenues up 6.4% vs 2022 (with traffic up 1.8% vs Q1 2022). The good performance stems from contracting which saw revenues rise by 14% (+12.2% l-...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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