on EIFFAGE (EPA:FGR)
Eiffage Reports Revenue Growth for Q3 2024
Eiffage has announced a revenue increase of 6.8% for the period ending 30 September 2024. Contracting saw a rise of 7.0%, while Concessions grew by 6.1%. Revenue outside France demonstrated significant growth, with Europe excluding France increasing by 16.4%.
The Contracting order book reached €28.8 billion, marking a substantial 47% growth year-on-year. Eiffage also finalized the acquisition of Eqos in Germany and secured a concession contract for the future A412 motorway.
The company's operating outlook for 2024 predicts continued revenue growth in both Contracting and Concessions. However, Concessions operating profit will be affected by a new transport infrastructure tax. Eiffage anticipates net profit to remain stable compared to 2023.
R. E.
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