Eiffage’s Q3 revenue increases but construction takes a hit

French construction, infrastructure and energy systems firm Eiffage saw its year-on-year revenue increase by 6.8% for the nine months to September 2024 to nearly €17 billion.

In like-for-like terms, that represented an increase of 3.6%.

Its contracting order book also increased by 47% year on year to €28.8 billion (US$30.4 billion).

Eiffage rail worker Photo: Eiffage

But the picture across the company’s different divisions was mixed. While like-for-like revenue in its energy systems arm was up 10.6% to €5.1 billion, and up 6.7% to €6.1 billion in infrastructure for the nine months to 30 September, it dropped by 11.9% in its construction division to €2.8 billion.

Looking at different geographical regions, Eiffage’s home country of France provided the largest share of the revenue, at €11.3 billion but that represented only 0.9% like-for-like growth.

There was more significant like-for-like growth of 9.6% to nearly €5.7 billion in international markets, most of which came in Europe outside of France. In international markets outside of Europe, Eiffage enjoyed an increase in like-for-like revenue of 34.3% to €607 million.

When it came to the decline in revenue in construction, Eiffage said that work on renovations and construction of public facilities helped to offset a decline in new homes.

Its infrastructure businesses benefitted from the high level of major transportation projects in Europe, including the UK’s HS2 high-speed railway line, the E18 and E39 motorways in Norway and the A3 motorway in Germany. Eiffage Métal’s revenue was boosted by offshore and wind power activities.

Its energy systems business reported strong organic growth in Europe excluding France of 18.1% as well as acceleration through acquisitions of Salvia in Germany and Van Den Poel in the Netherlands. In Spain, it benefited from the phasing of photovoltaic power projects in the third quarter.

STAY CONNECTED

Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]