Eiffage : Q1 2020 sales down 4.3%, largely as expected
>Q1 2020 contracting sales down 5.3% - Eiffage yesterday evening reported Q1 2020 sales down -4.3% at € 3.748bn (and -5.3% l-f-l, close to our forecast of -4.7% l-f-l).The decline was driven largely by the contracting division which saw its sales contract by -5.3% (-5.5% l-f-l), hurt by France entering lockdown and challenging comparison basis (+15.9% in Q1 2019 thanks to mild temperatures). The negative trend was particularly pronounced in the construction busin...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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