Eiffage's net profit rose by 12% in the first half of the year, boosted by construction work

Eiffage reported improved results for the first half of 2026. Net income attributable to the group rose 12% year-on-year to €342 million. Revenue reached €12,2 billion, an increase of 2,3%.

An order book of 31,5 billion euros

The order book for construction activities reached €31,5 billion at the end of June 2026. It increased by 7% year-on-year and by 6% since the beginning of the year. Eiffage highlights a positive trend "with growth across all business lines".

"In the works, operational performance is solid and visibility remains very good," said Benoît de Ruffray, Chairman and CEO of Eiffage.

The current operating income from construction activities amounted to €269 million, compared to €241 million a year earlier. Their operating margin increased from 2,4% to 2,6% of revenue.

Construction is progressing by 5%

In the construction sector, revenue increased by 5% to reach €2,11 billion. In France, activity grew by 6,9% and "continues to benefit from the ramp-up of several major projects and a favorable comparison base, particularly in real estate," according to the group.

The current operating margin for construction remains stable at 3,5%. Its current operating profit increased from 70 million to 74 million euros year-on-year.

A takeover at Eiffage Énergie Systèmes

After a stable first quarter, Eiffage Énergie Systèmes recorded "a clear recovery" in the second quarter, with growth of 6,6%. For the first half of the year, the division's revenue increased by 4,8%, to €3,95 billion.

Its current operating margin increased by 0,3 points to reach 5,2%. Current operating income amounted to €206 million, compared to €184 million in the first half of 2025.

The infrastructure division remains stable, with revenues of €4,23 billion. Its operating margin remains negative at -0,3%, a situation linked to the usual seasonality of these activities.

Concessions penalized by the decline in motorway traffic

In the concessions business, revenue declined by 0,4% to €1,9 billion. Current operating income amounted to €822 million, compared to €838 million in the first half of 2025.

"In the concessions, performance is affected by the decline in motorway traffic of light vehicles given the persistence of high fuel prices, a direct consequence of the conflict in the Middle East," said Benoît de Ruffray.

Traffic on the APRR and AREA networks decreased by 2,5% in the first half of the year. This decline was partially offset by changes in motorway tolls.

The 2026 outlook remains unchanged for the group.

Despite the slowdown observed in concessions, Eiffage maintains its overall objectives for the year. "These half-year results allow us to confirm the outlook for increased activity and results for the group in 2026," stated its Chairman and CEO.

The group anticipates "activity growth of a lesser magnitude than in 2025" as well as a further improvement in current operating income and net income attributable to the group.

In the construction sector, revenue is expected to see a slight increase in infrastructure and building projects. Eiffage Énergie Systèmes is expected to continue its growth, but "at a lower rate than in 2025." The operating margin for construction projects is expected to improve.

Forecasts have been lowered in concessions. While a slight increase was previously anticipated, Eiffage now expects a slight decline in revenue and operating profit compared to 2025, "given the continued decline in motorway traffic in a context of high fuel prices."