Eiffage announces a 10,7% increase in its net profit for the first half to 392 million euros

The group forecasts for 2023 "a further increase in its current operating profit in works and concessions as well as in its net profit group share" specifies a press release issued Wednesday evening.

In the first half, Eiffage achieved a turnover up 10,4% to 10,43 billion euros against 9,4 billion a year earlier.

Main progress, in the "system energy" branch, turnover increased by 15,4%, driven by the ecological and digital transition.

In the infrastructure branch, it posted an increase of 9,2%, and 10,4% in works activity.

The activity of the construction branch increased by 6,3% of its activity, that of the airport concessions by 10,2%.

The group is building the largest data center of the American company Cloud HQ in Lisses in Essonne and has just delivered the new interior lighting for the Mont Saint-Michel abbey as well as the ACC electric battery factory to Billy Berclau Douvrin .

It was able to "maintain its profitability" in construction "in a market that is nevertheless complicated", welcomed its CEO Benoît de Ruffray during a presentation of the results.

"We are going to suffer from the fall in real estate", added Mr. de Ruffray, "but we have momentum in other markets", he noted, citing in particular "renovation projects which are increasingly more important" where the margins are higher than in new construction, especially in social housing, according to Eiffage.

“It takes excessively developed technical capacities to understand these markets,” he stressed.

In energy, the group is planning other acquisitions and has "several files under study".

Among its projects, Eiffage contributes in particular to the restoration of Notre Dame de Paris: electricity, heating, ventilation, plumbing, and safety generator with the obligation of having no visible cables and not to drill any cut stone.

For the future, the group is also relying in particular on the Nové contract with the Ministry of Defense for the renovation, construction and management of housing, a 35-year contract, which will generate nearly 1,5 XNUMX billion euros for Eiffage Construction.