Eiffage (OTC) ( (EFGSY) ) has released its Q2 earnings. Here is a breakdown of the information Eiffage (OTC) presented to its investors.
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Eiffage (OTC) is a leading European construction and concessions company, specializing in infrastructure, energy systems, and property development, with a notable presence in the European offshore wind power sector.
In its first half of 2025 earnings report, Eiffage reported a solid performance with an 8.4% increase in Contracting revenue and a strengthened presence in Europe, particularly in Germany. The company also highlighted its strategic acquisition of HSM Offshore Energy, enhancing its position in the offshore wind power market.
Key financial metrics showed a 7.5% increase in total revenue to €11.93 billion, although net income attributable to the Group fell by 19.4% to €308 million, impacted by an exceptional corporation tax contribution in France. The Contracting order book grew by 4% year-on-year to €29.5 billion, and net debt was reduced by €0.7 billion. Despite a challenging property development market, the Energy Systems division saw a significant 13.2% revenue increase, driven by acquisitions and growth in Europe.
Looking ahead, Eiffage confirms its positive outlook for 2025, expecting revenue growth across all segments, particularly in Contracting, with further improvements in profitability at Eiffage Énergie Systèmes. However, net income will be affected by the one-off corporation tax contribution in France.
Overall, Eiffage’s strategic expansions and acquisitions position it well for continued growth, despite the challenges posed by the tax environment in France.