Eiffage: targets a further earnings growth in 2022
(CercleFinance.com) - Eiffage has reported Q1 2022 consolidated sales of almost 4.
4 billion euros, up 10.0% y-o-y (+9.1% at constant exchange rates).
Contracting sales increased 7.8% (+6.6% at constant exchange rates) to 3.6 billion euros. Meanwhile, Concessions' revenues rose 22.1% (+22.3% at constant exchange rates) to 768 million euros.
Its order backlog amounted to 17.3 billion euros at 31 March 2022, up 3% year-on-year (+6% over three months).
Eiffage confirms its outlook for 2022. For Construction, it is targeting a slight increase in revenue. Meanwhile, in Concessions, the group expects to post stronger growth thanks to the momentum of motorway traffic and a favourable comparison basis. Overall, Eiffage expects to post further earnings growth in 2022, both in construction and in concessions.
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