Eiffage : Solid 2018 results, similar trend for 2019
>2018 results in line with expectations - Eiffage has reported Q4 results in line with expectations. For Q4, sales rose by 7.9% to € 4,631m vs € 4,528m forecast by the consensus. On an organic basis, sales rose by 2.4% (vs +5.8% over the full year). FY 2018 EBIT came in at € 1,857m, slightly below the consensus expectations (€ 1,870m) but integrated a premium (exceptional) of € 17m for purchasing power. Net profit weighed in at € 629m (vs € 620m forecast).Ne...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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