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| Eiffage Group reports sales increased 17% French construction group Eiffage said that its sales increased by 17.1% year-on-year to €5,844 million in the first half of 2006. The Contracting businesses saw a 13.1% increase in sales, with 5.7% of this attributable to acquisitions. The Construction activity continued to benefit from a favourable economic environment in France, with sales rising by 13.1%. Sales of the Property activities advanced by 17.5% as the number of homes marketed increased slightly on 2006 and thanks to the sale of several office programmes, notably in Belgium. Current Operating profit reached €469 million, up from €325 million in the first half of 2006. Margin at the Contracting activities improved to 3.2% (current operating profit of €157 million). The contribution from the Concessions division rose sharply to €324 million (up 69.6%). The order book for the Contracting activities expanded by 21.9% over one year, reaching almost €10 billion. This guarantees about 11 months of business. A sustained acquisition policy since the beginning of the year will add some €740 million to sales over the full year, of which €475 million outside France. write your comments about the article :: © 2007 Construction News :: home page |