Eiffage (OTC) ( (EFGSY) ) has released its Q4 earnings. Here is a breakdown of the information Eiffage (OTC) presented to its investors.
Eiffage (OTC) is a major European construction and concessions company, known for its extensive operations in infrastructure, energy systems, and concessions, with a significant presence in both domestic and international markets.
Eiffage reported a robust financial performance for 2024, with notable growth in revenue and profitability, despite challenges such as the new motorway tax in France. The company achieved a record free cash flow and maintained a solid financial position, supported by strategic acquisitions and an expanding order book.
Key highlights from the report include a 7.3% increase in revenue to €23.4 billion, driven by strong performance in the Contracting segment, particularly in the Energy Systems division, which saw a 21.3% rise in revenue. The company’s net profit attributable to equity holders rose by 2.8%, and the proposed dividend per share increased by 15% to €4.70. Eiffage also completed significant acquisitions in the German energy services market, enhancing its strategic position.
Looking ahead, Eiffage anticipates continued growth in 2025, with expected increases in revenue and operating profit across its divisions. The company plans to further improve its operating margins, particularly in the Energy Systems division, while navigating the impact of an exceptional surtax on corporate income tax in France.