Going well for Eiffage
By Thomas Allen07 November 2017
French-based construction company Eiffage has shown steady growth, with increased sales recorded in its consolidated sales report for the first nine months of 2017.
The 6% like-for-like increase in total sales to €10.776 billion up to 30 September 2017 was divided fairly equally between contracting and concessions. Contracting grew by 5.7% like-for-like, from €8.11 billion in 2016 to €8.683 billion this year. Meanwhile, concessions increased by 7.4% like-for-like, from €1.952 billion in 2016 to €2.093 billion this year.
Construction sales rose by 0.2% like-for-like, from €2.552 billion in 2016 to €2.594 billion in 2017. This was helped by a 4.8% increase in sales in France, while sales in the rest of Europe took a hit, dropping by 11.2%.
Infrastructure sales grew by 8.5% like-for-like, from €3.103 billion in 2016 to €3.387 billion this year. Sales in Europe contributed significantly to this by increasing 33.7%, while sales in France rose by a more moderate 1.5%. Outside of Europe, infrastructure sales dropped by 2%.
The total order book for contracting stood at €13 billion, which represented an 8.7% year-on-year increase – equivalent to almost 13 months of activity for the contracting business.
Overall, there was a noticeable like-for-like increase in international activity of 14%.
Looking specifically at the third quarter of 2017, total sales for the group increased by 6.1% compared with the third quarter of 2016. Within this, construction sales were up by 1.2%, from €823 million in 2016 to €833 million in 2017, and infrastructure sales grew by 4.8%, from €1.178 billion in 2016 to €1.235 billion this year.
Based on these positive results, Eiffage has confirmed its outlook for 2017 as a whole, which predicts growth in total sales for the year and an increase in the results for all of the company’s divisions.