Revenues flat as Eiffage profits fall

By Chris Sleight26 February 2010

Eiffage saw its net profit fall -35% last year to € 190 million as revenues were unchanged compared to 2008 levels at € 13,2 billion. The company said the acquisition of engineering groups Clemessy and Crystal at the end of 2008 effectively offset a -7% downturn in other areas.

The company's biggest fall in sales was in its Construction division, with a -10,1% fall in revenues to € 3,7 billion. Eiffage highlighted Poland and the Czech Republic as particularly difficult areas.

There was also a fall in its Public Works business, where revenues were down -5,1% to € 3,7 billion. The Energy division meanwhile, into which Clemessy and Crystal have been consolidated, saw a +23,3% rise in revenues thanks to the acquisitions.

The only area of organic growth for Eiffage last year was in its Concessions business, where sales rose +1,6% to € 1,9 billion.

Eiffage also said that economic downturn had hit its foreign businesses harder than domestic revenues. Its sales outside France came to just under € 2 billion - 15% of its revenues - which it said was low in historical terms.

Latest News
StepUp Scaffold will bring Nordic Platform composite decks to North America
StepUp participated with Nordic’s development of composite decks and accessories over 12 years in Europe and believes North America is ready for their ESG and practical benefits
Bauma launch for 58m Zoomlion boom
New ZT58J Ultra telescopic boom lift also boasts a 25.5m outreach
Vertical mast lift insights
A look at some of the newest vertical masts lift products and trends in thre market