Eiffage : Good results for 2019, confidence for 2020
>2019 results in line with forecasts, dividends up 17% - Eiffage has reported a solid set of 2019 results. Full-year sales were up 9.4%, of which 7.7% l-f-l to € 18,143m (€ 18,147m forecast). For Q4, the contracting activity remained very dynamic posting a 5.1% l-f-l increase (+8.8% over the full year). Note that, APRR reported sales growth of 7.9% (traffic up 7.8%).Full-year EBIT was € 2,005m (vs € 1,977m forecast). For H2, not only did the margin continue to im...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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