Eiffage : H1 results beat expectations
>H1 2022 EBIT 6% above the consensus driven by concessions. Robust growth in the backlog - Eiffage posted Q2 sales ahead of expectations at € 5,079m (vs € 4,925m/Visible Alpha consensus), up 7.5% vs Q2 2021. Although concessions posted growth of 20.6%, growth in the contracting division (+5.3% vs 2021) was more limited than in Q1 (+7.8% vs Q1 2021). Details p.2H1 EBIT was also higher than expected at € 925m (vs consensus of € 870m). The pleasant surprise came fro...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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