Eiffage : Outperform rating confirmed after roadshow
>Contracting: good momentum overall driven by energy - At the roadshow which we organised in Paris, Eiffage's management confirmed the momentum in contracting despite the inflationary environment. While it is true that residential real estate is under pressure (bookings down 15% in H1, or a drop of around 40% vs 2019) and the road segment is constrained by local authority budgets, this decline is largely offset at Eiffage by good momentum in the commercial segment (re...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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