29.08.2024
2024 half-year results: 2024 Outlook Confirmed
Building on excellent commercial momentum in the first half of the year, the Group has gained further visibility across all divisions. Thanks to a significant improvement in results in Contracting, the profit level is very close to that of 2023 despite the new highway tax. Eiffage thus confirms its outlook for 2024 and expresses confidence in the years to come.
• +6.3% increase in the Group’s revenue
• +5.6% increase in Concessions
• Solid earnings performance:
• Modest decline in operating profit on ordinary activities from Concessions (-3%) as a result of the new tax on long-distance transport infrastructure
• Net profit Group share of €0.4 billion, very close to its 2023 level
• Positive free cash flow despite seasonal trends in Contracting
• Further increase in the Contracting order book to €28.4 billion (up +43% year-on-year and up +9% since the beginning of the year)
• Outlook for 2024 confirmed
• Results improving again in Contracting; Concessions results impacted by the new tax on transport infrastructure; net profit Group share of the same order as in 2023
• Strong multi-year visibility, strengthened during the period, in all divisions
• SBTi validation of the trajectory of greenhouse gas emissions reduction over the short-term (2030) and long-term (2050) for scopes 1,2 and 3, of the alignment with the 1.5°C trajectory as well as the commitment to reach the net-zero emissions on the supply chain in 2050
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