Eiffage has released its Q1 20 results which were in line with our estimates. Sales were down by 4.3%: contracting -5.3% (-5.5% lfl) and concessions +0.3% (-4.5% lfl). Concessions benefited from the perimeter effect of Toulouse Airport. The contracting orderbook stood at €15bn, up by 5% over three months. Management has not given any guidance for 2020.
18 May 2020
Q1 20: strong order book as the backbone
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Q1 20: strong order book as the backbone
Eiffage SA (FGR:WBO) | 0 0 1.5% | Mkt Cap: 9,050m
- Published:
18 May 2020 -
Author:
Sejal Varshney -
Pages:
2
Eiffage has released its Q1 20 results which were in line with our estimates. Sales were down by 4.3%: contracting -5.3% (-5.5% lfl) and concessions +0.3% (-4.5% lfl). Concessions benefited from the perimeter effect of Toulouse Airport. The contracting orderbook stood at €15bn, up by 5% over three months. Management has not given any guidance for 2020.