Eiffage: expects significant fall in 2020 results
(CercleFinance.com) - Eiffage has reported consolidated sales of 4.
6 billion euros for Q3 2020, down 2.3% y-o-y (-3.1% in Contracting and +1.3% in Concessions).
The group's consolidated revenue as at 30 September 2020 reached 11.5 billion euros, down 13.1% as reported and down 13.7% LFL.
In Construction, sales fell by 20.0% to 1,803 million euros in France (-0.4% in Q3), and by 17.0% to 636 million euros in Europe outside France. In Real Estate, revenue is down 18.7% y-o-y, although was flat in Q3.
In France, revenue at the Infrastructure business contracted 11.4% to 2,782 million euros, but increased 0.7% over the quarter.
At its Contracting division, the order backlog stood at 16.4 billion euros at 30 September 2020, up 13% year-on-year (down 4% over three months), representing 14.3 months of aactivity.
The group still expects a significant fall in its annual results, albeit with an improvement in H2 relative to H1.
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6 billion euros for Q3 2020, down 2.3% y-o-y (-3.1% in Contracting and +1.3% in Concessions).
The group's consolidated revenue as at 30 September 2020 reached 11.5 billion euros, down 13.1% as reported and down 13.7% LFL.
In Construction, sales fell by 20.0% to 1,803 million euros in France (-0.4% in Q3), and by 17.0% to 636 million euros in Europe outside France. In Real Estate, revenue is down 18.7% y-o-y, although was flat in Q3.
In France, revenue at the Infrastructure business contracted 11.4% to 2,782 million euros, but increased 0.7% over the quarter.
At its Contracting division, the order backlog stood at 16.4 billion euros at 30 September 2020, up 13% year-on-year (down 4% over three months), representing 14.3 months of aactivity.
The group still expects a significant fall in its annual results, albeit with an improvement in H2 relative to H1.
Copyright (c) 2020 CercleFinance.com. All rights reserved.