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| Eiffage announces first half results for 2006 French construction giant Eiffage recorded sales of €4,991 million in the first half of 2006, up 25.8% year-on-year. For the first time, revenues include a contribution by Autoroutes Paris Rhin Rhone (APRR), which is consolidated as of 20 February 2006, this being when the State's majority interest was acquired by Eiffarie, a company controlled by Eiffage alongside Macquarie Infrastructure Group. Consolidated sales increased by 12.1%, of which 4 percentage points came from acquisitions. Eiffage said operating profit increased to €325 million, almost tripling from the €117 million booked a year earlier, but the group observed that its results are subject to seasonal effects. First-half net profit up 28.4% to €122 million. The order book increased by 8.3% year-on-year to €8 billion, equivalent to nearly 11 months of activity for the group. Eiffage's policy of growth through acquisitions was pursued actively in the first half, resulting in investments totalling €91 million for the acquisition of 15 companies that will contribute annual sales of over €150 million (with €80 million coming from the rest of Europe outside France). Since the start of the year, Eiffage has enjoyed several notable commercial successes in the fast growing market of Public-Private Partnerships (PPP) and concessions in France. Eiffage now expected sales to increase to €10.6bn (up from the €10.3bn announced back in February). Sales growth is therefore expected to reach 25.7% this year. write your comments about the article :: © 2006 Construction News :: home page |