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| Cegelec report growth in EBIT and orders in 2008 French electrical engineering company Cegelec ended 2008 with earnings before interest and taxes (EBIT) of €157 million. Excluding Faceo, which was sold in October 2007, this represents a year-on-year increase of 12.7%. At €213 million, free cash flow rose significantly faster than EBIT for the second year in a row. Excluding Faceo, order intake grew by 13.1% to €3,216 million, and revenue increased by 3.1% to €3 billion. New contracts in the building sector, which accounts for 20% of revenue, include the HVAC system for French bank Société Générale's new trading floors at the La Défense business district near Paris and the electrical equipment and HVAC infrastructure for several new hotels in Morocco. write your comments about the article :: © 2009 Construction News :: home page |