Eiffage’s Q1 revenue up, but construction division down

An Eiffage Construction work van in Bordeaux, France. Image: Adobe Stock

Revenue in the energy systems division climbed 13.9% to €1.84 billion (US$2.06 billion), boosted by recent acquisitions in Germany.

Infrastructure revenue also rose, up 12.0% to €1.96 billion (US$2.2 billion), supported by continued activity on major European projects including the UK’s HS2 high-speed rail and offshore wind initiatives.

Revenue in the firm’s contracting segment rose 9.4% to €4.7 billion (US$5.2 billion), while its concessions business – including toll roads and airports – grew by 3% to €906 million (US$1.01 billion).

Revenue in the construction division declined 3.3% to €912 million (US$1.02 billion). The company cited a 34% drop in its property development business, although this was partially offset by activity in public and commercial building projects.

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The company’s order book stood at €29.7 billion (US$33.3 billion) as of 31 March 2025, up 7% compared to the same point last year. International revenue growth was particularly strong, up almost 25% overall and 19% in Europe (excluding France).

During the quarter, Eiffage completed the acquisition of German firm IFT GmbH and announced plans to acquire HSM Offshore Energy, a Netherlands-based specialist in offshore wind platforms. The latter deal remains subject to regulatory approval.

Eiffage added that in 2025 revenue is expected to increase in all divisions for contracting.

Eiffage acquires offshore energy specialist to expand renewable energy capabilities Contractor Eiffage is acquiring an offshore energy engineering and construction specialist