Eiffage: targets net income in same range as 2023

(CercleFinance.com) - Eiffage has posted consolidated sales of E5.
9bn in Q3 2024, up 7.7% on Q3 2023 (+7.9% in Contracting and +7.0% in Concessions).

At 30 September 2024 the group's consolidated sales thus reached E17bn, up 6.8% on an actual basis and +3.6% LFL.

Contracting sales rose by 7% (+3.5% LFL) compared with 2023, to E14bn euros, of which 40% outside France (36% in 2023).

Eiffage enjoys strong visibility in Contracting, based on a still solid order book of E28.8bn at 30 September 2024, up 47% y-o-y (+1% over 3 months). It represents 18.1 months of activity. Order intake in Q3 remained buoyant, it says.

Eiffage forecasts growth in business in both Concessions and Contracting. Operating income before non-recurring items, boosted in particular by a further increase in the operating margin of Eiffage Energie Systèmes, will be up in Contracting.

Eiffage expects net income, group share, to be in the same range as in 2023, on a constant corporate income tax basis.


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