France's Eiffage quarterly revenue jumps 7.3%, driven by concessions, contracting
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Loading... - Greta Keller
- 04 Nov 2022
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Building companies, which saw profits slashed under pandemic lockdowns and the resulting economic slowdowns, have since benefited from public investment in infrastructure and energy projects that aim to cut emissions and fuel costs.
The group's quarterly revenue rose to 5.2 billion euros ($5.07 billion), up 7.3% from the same period a year earlier.
Its third-quarter contracting activity grew by 8.5% compared to 2021 and stands at 4.2 billion euros, while concessions activity was up 2% year on year, at 952 million euros.
Eiffage became the largest shareholder of Channel Tunnel operator Getlink in late October with nearly 19% of the capital.
"This acquisition extends the duration of (Getlink's) portfolio while increasing its stake in a key player in transport decarbonisation in Europe," the group said in its quarterly earnings report.
Eiffage's energy division, which builds electric power lines, street lighting, solar farms and data centres, posted 1.28 billion euros in third-quarter revenue, up 12.9% year on year. Read More...
