Eiffage: targets similar net income in 2024

(CercleFinance.com) - Consolidated sales amounted to over E21.
8bn for the year, up 7.4% on an actual basis compared with 2022, and 6.3% LFL. Sales rose by 4.3% in Q4.

Recurring operating income rose 8.6% from 2022 to E2.4bn, representing an operating margin of 11.0%, just up from 10.9% in 2022.

Consolidated net income, group share stood at E1,013m (vs. E896m in 2022), up 13.1%. For the first time, this figure includes the group's share of Getlink's earnings accounted for under the equity method, amounting to E25m.

EPS reached E10.65 (vs. E9.46 in 2022).

Eiffage forecasts higher operating income before non-recurring items in the Contracting division, in particular driven by a further increase in Eiffage Energie Systèmes' operating margin. In Concessions, the new tax on long-distance transport infrastructure will have a significant impact on earnings. Overall, group share of net income could be in the same range as in 2023, Eiffage management said.


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