Eiffage has published its results which were in line with our estimates. Revenues increased by 9.4% (+7.7% lfl) with contracting activities growing by 8.8% lfl and concessions by 2.9% lfl. The highlight was the Infrastructure business, with 37.1% growth in civil engineering works (buoyed by the work on the Grand Paris Express). A significant improvement in the margins wasn’t observed. We anticipate a slower growth in revenues but a margin improvement in 2020. Eiffage proposed a dividend
27 Feb 2020
FY19 results resonating FY18 order book uptick
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FY19 results resonating FY18 order book uptick
Eiffage SA (FGR:WBO) | 0 0 1.5% | Mkt Cap: 9,050m
- Published:
27 Feb 2020 -
Author:
Sejal Varshney -
Pages:
3
Eiffage has published its results which were in line with our estimates. Revenues increased by 9.4% (+7.7% lfl) with contracting activities growing by 8.8% lfl and concessions by 2.9% lfl. The highlight was the Infrastructure business, with 37.1% growth in civil engineering works (buoyed by the work on the Grand Paris Express). A significant improvement in the margins wasn’t observed. We anticipate a slower growth in revenues but a margin improvement in 2020. Eiffage proposed a dividend