Eiffage : Interim results close to expectations, solid outlook for H2
>H1 2021 results are close to expectations, solid results from contracting - Eiffage posted Q2 sales ahead of expectations at € 4,726m (vs € 4,575m/Visible Alpha consensus), up 2.3% vs Q2 2019. While concessions show a 6.9% decline, growth is supported by the contracting division (+4.1% vs 2019, a little less dynamic than Vinci's +9% however).H1 2021 EBIT came in close to expectations at € 679m (vs the consensus at € 690m). While concessions remain penalised by t...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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