Strong results from Eiffage
Premium Content
30 August 2012
Eiffage has posted a 18.6% year-on-year increase in net profit for the first half of 2012 to €51 million.
The French contractor saw operating profit jump 10.6% to achieve €499 million while consolidated revenue remained stable at €6.6 billion, up 0.2% on the same period in 2011.
The group's construction activities decreased by 1.7%, due in part to the closure of Eiffage's operations in the Czech Republic. The firm's domestic market remained strong however, with construction revenue up 3.4%, which the company attributed to strong activity in the Ile-de-France region.
Eiffage also reported a backlog of €13.5 billion at the end of the first half, an increase of 19.7% over 2011 figures.
Connectivity and digital controls are reshaping heavy equipment and manufacturers are finding performance depends as much on durable electronics as on the vehicles themselves
Smarter airflow, not bigger systems, is aiding engine efficiency and uptime
Bruce Kabalen calls it a day, Brittany Bray promoted