Eiffage confirms its 2026 outlook, strengthens its position in data centers in Germany

The French construction, infrastructure and transport concessions group also announced a 74,9% stake in Hand & Werk to expand in the German data centre market.

"With 200 employees, Hand & Werk achieved a turnover of 85 million euros in 2025," it states.

The company, founded in 2019, offers a turnkey solution for data centers, ranging from the design and construction of the building's technical installations to equipment maintenance.

The transaction is subject to approval by the German competition authorities and is expected to be finalized during 2026.

In the Construction sector, Eiffage's activity remained solid in Europe, France and outside France, where it grew by 3,9% (+2% at constant scope and exchange rates).

Outside of Europe, the sharp decline in activity "as anticipated" is due to the completion of several export operations, he explains.

Construction grew by 5% to 992 million euros, driven by France "thanks to the ramp-up of several major projects and a favorable basis of comparison".

Real estate revenue amounted to 119 million euros (+24%), but this increase should be "put into perspective given a historically weak first quarter of 2025".

The infrastructure branch declined by 4% to 1,8 billion euros due to seasonal effects in France and "energy systems" (systems and equipment in electrical, industrial, climate and energy engineering) increased by 3% to 1,9 billion euros.

Finally, activity in concessions (highways and airports) is stable (0,7%) at 912 million euros.

The "works" order book stood at 31,1 billion euros as of March 31, up 5% "driven by Europe's energy and industrial sovereignty and the electrification of uses", Eiffage said.

The group specifies that "in a context of geopolitical crisis and instability in the Middle East, this historically high order book and the group's low exposure outside Europe" allow it to confirm its outlook for 2026.

"However, the group points out, these prospects could be updated if the crisis in the Middle East were to affect European countries more pronouncedly."