Eiffage : Patience key to deliverance
>Sales and EBIT in line with expectations - Eiffage posted Q2 2023 sales in line with expectations at € 5.485bn (vs € 5.418bn/Visible Alpha consensus), up 8% vs Q2 2022. While concessions chalked up growth of 12%, contracting growth (+7% vs 2022) came in lower than in Q1 (+14% vs Q1 2022). H1 EBIT was also in line with expectations at € 1.009bn (vs consensus of € 1bn). The contracting margin showed an improvement at 2.1% (vs 1.8%e), driven by better profitabilit...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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