The company registered a sharp improvement in traffic despite a record level in oil prices, though this may not continue unabated in the near future. For us, the decrease in building permits is not a threat to Eiffage’s financial performance, as with only a 3% market share it could still grow in a declining market. Moreover, its residential construction activity is located mainly near Paris where the needs for new construction are higher. We expect to keep our current Add recommendation
07 Sep 2018
H1 18: sharp improvement in traffic despite record level in oil prices
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1 18: sharp improvement in traffic despite record level in oil prices
Eiffage SA (FGR:WBO) | 0 0 1.5% | Mkt Cap: 9,050m
- Published:
07 Sep 2018 -
Author:
Felix Brunotte -
Pages:
3
The company registered a sharp improvement in traffic despite a record level in oil prices, though this may not continue unabated in the near future. For us, the decrease in building permits is not a threat to Eiffage’s financial performance, as with only a 3% market share it could still grow in a declining market. Moreover, its residential construction activity is located mainly near Paris where the needs for new construction are higher. We expect to keep our current Add recommendation