Eiffage-Le CA growth of 5.5% in Q3, targets for 2023 confirmed.

8 November 2023 French company Eiffage announced a 5.5% year-on-year increase in its revenue for the third quarter of 2023. Thanks to good results in the works and concessions segments, the company was able to offset difficulties in real estate. In addition, Eiffage confirmed its financial targets for 2023.

The company posted revenues of €5.462 billion in the third quarter of 2023, up from €5.175 billion in the same period a year earlier. Sales in works rose 4.9% and concessions rose 8.3%.

"Eiffage confirms the trends we noticed in the first half of 2023 in France: a decline in new housing''construction, partially offset by housing renovations and the construction of new public and industrial facilities,' the company said.

Housing bookings totaled 1,011 units by the end of September 2023, compared to 1,936 units by the end of September 2022.

Eiffage reaffirms its plans to increase operating profit in the works and concessions areas and forecasts net profit growth.

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