Connection

popular articles

Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
International Petroleum repurchases 89,200 shares under its NCIB programme
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
EDF blocks Czech nuclear contract with KHNP on legal grounds
Up to 30% of ASEAN data centres could be powered without batteries by 2030

Eiffage: diversified growth despite decline in construction activity

Eiffage reports a 4.9% increase in Q1 sales, driven by energy despite a downturn in the construction sector.
Eiffage Croissance Recul Construction
  • [favorite_button]

Please share:

Eiffage, the construction and motorway concessions giant, saw its sales increase by 4.9% in the first quarter of 2024. Despite a significant 13.6% decline in the construction sector, mainly in France and Europe. The fall in construction activity, down to 943 million euros from 1.091 billion the previous year, contrasts with the strong 15.2% increase in the energy sector, which reached 1.6 billion euros. Eiffage’s real estate business also suffered a 23.6% decline, due to a slowdown in new housing reservations, although order bookings in this segment rose slightly by 3% to 5.1 billion euros.

Impact of major contracts and concessions

Concessions activities grew by 5.4%, generating sales of 880 million euros. Infrastructure sales also grew by 8.2% to 1.75 billion euros. The APRR and AREA motorway networks, excluding construction, generated sales of 701 million euros, an increase of 2.3% despite a slight 0.8% drop in traffic. In particular, the Millau Viaduct recorded an impressive 12.7% increase in traffic and a 26.4% rise in sales to 12 million euros.

New developments and forecasts

Eiffage’s overall order book climbed 40% year-on-year, thanks in particular to two major infrastructure contracts won at the end of 2023. These projects include civil engineering work for the first two EPR2 reactors at Penly and the design-build contract for a section of Line 15 East of the Grand Paris Express metro system. In addition, Eiffage recently acquired 100% of Germany’s Eqos, a specialist in energy infrastructure, a transaction that should be finalized by the end of 2024. The Group confirms its financial forecasts for the year, with an increase in net profit and operating margin, despite the potential impact of the new long-distance transport infrastructure tax imposed by the government.
Eiffage continues to diversify its activities by strengthening its commitment to the energy and large infrastructure sectors, thereby offsetting the challenges encountered in construction and real estate. Eiffage’s strategy of concentrating on more profitable and less volatile segments seems to be bearing fruit, positioning the Group solidly for the future.

Register free of charge for uninterrupted access.

Publicite

Latest news

Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
International Petroleum repurchases 89,200 shares under its NCIB programme
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
EDF blocks Czech nuclear contract with KHNP on legal grounds
Up to 30% of ASEAN data centres could be powered without batteries by 2030

Recently published in

The maritime industry faces a critical biofuel shortage by 2028

Global biodiesel and bio-LNG supply struggles to keep pace with rising maritime demand, posing an immediate risk to the sector’s emissions reduction targets.
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
Davidson Kempner acquires Swire Energy Services to strengthen offshore presence
US investment fund Davidson Kempner has reached an agreement to acquire Swire Energy Services, a provider of offshore equipment, strengthening its position in the global energy market.
en_1140290959540-2
International Petroleum repurchases 89,200 shares under its NCIB programme
International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
en_1140290968540-3-1-768x364
International Petroleum repurchases 89,200 shares under its NCIB programme
International Petroleum Corporation repurchased 89,200 common shares between 26 and 30 May under its buyback programme compliant with Canadian and European regulations.
en_1140290968540-3-1-768x364
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
en_1140290943540-18
Flex LNG secures $175 mn lease financing for Flex Courageous vessel
Flex LNG has finalised a $175 mn lease financing for its Flex Courageous vessel, generating $42 mn in net proceeds as part of a financial restructuring plan announced earlier this year.
en_1140290943540-18

EDF blocks Czech nuclear contract with KHNP on legal grounds

EDF is challenging the legality of the nuclear contract awarded to KHNP, citing potential South Korean state support in violation of EU rules, leading to a temporary suspension of the Dukovany II project.
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
US oil rig count falls to lowest level since 2021
US energy companies reduced the number of active rigs for the fifth consecutive week, reaching their lowest level since November 2021, according to data published by Baker Hughes.
en_1140290943540
US oil rig count falls to lowest level since 2021
US energy companies reduced the number of active rigs for the fifth consecutive week, reaching their lowest level since November 2021, according to data published by Baker Hughes.
en_1140290943540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540
Innergex and MMBC raise $323 mn for Mesgi’g Ugju’s’n 2 wind project
The 102 MW wind project in Québec secures structured loans from Canadian banks, marking a new stage for the joint venture between Innergex and the Mi'gmaq communities.
en_1140290944540

Port Arthur LNG Phase 2 project receives export authorisation to non-FTA countries

Sempra Infrastructure has received approval from U.S. authorities to export 13.5 Mtpa of liquefied natural gas to countries without free trade agreements, marking a key step in developing the Port Arthur LNG Phase 2 terminal.
enCore Energy receives licence for Texas uranium project and begins construction
Canadian company enCore Energy has received regulatory approval to extend its radioactive materials licence to the Upper Spring Creek project, initiating the construction of new ISR facilities near its Rosita site.
en_1140290945540
enCore Energy receives licence for Texas uranium project and begins construction
Canadian company enCore Energy has received regulatory approval to extend its radioactive materials licence to the Upper Spring Creek project, initiating the construction of new ISR facilities near its Rosita site.
en_1140290945540
EOG Resources acquires Encino for $5.6bn and strengthens its Utica footprint
EOG Resources finalises a $5.6bn acquisition of 675,000 net acres from Encino Acquisition Partners, consolidating its strategic position in the Utica formation and increasing its dividend by 5 %.
en_1140290946540
EOG Resources acquires Encino for $5.6bn and strengthens its Utica footprint
EOG Resources finalises a $5.6bn acquisition of 675,000 net acres from Encino Acquisition Partners, consolidating its strategic position in the Utica formation and increasing its dividend by 5 %.
en_1140290946540
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
en_1140290947540
Washington cancels $3.7bn in federal subsidies for carbon capture
The US Department of Energy has cancelled 24 projects funded under the Biden administration, citing their lack of profitability and alignment with national energy priorities.
en_1140290947540

U.S. Carbon Black Market: Growing Uncertainty Amid Industrial Tensions

In the United States, the carbon black market faces unprecedented fluctuations in the first half of 2025, driven by declining industrial demand and persistent raw material volatility, casting doubts over the sector's future stability.
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540
Natural gas demand for power generation drops in the United States in May 2025
In May 2025, natural gas demand for electricity generation in the United States declined, influenced by cooler weather conditions and a significant increase in solar generation.
en_1140290952540
Waga Energy launches biomethane unit on Vancouver Island with FortisBC
Waga Energy has commissioned a biomethane facility in British Columbia, in partnership with FortisBC and Capital Regional District, marking the first unit of its kind on Vancouver Island.
en_1140290951540
Waga Energy launches biomethane unit on Vancouver Island with FortisBC
Waga Energy has commissioned a biomethane facility in British Columbia, in partnership with FortisBC and Capital Regional District, marking the first unit of its kind on Vancouver Island.
en_1140290951540
Scatec secures 123 MW battery storage contract in South Africa
The Norwegian group has been named preferred bidder for a 492 MWh storage project under South Africa’s public BESIPPPP programme.
en_1140290950540
Scatec secures 123 MW battery storage contract in South Africa
The Norwegian group has been named preferred bidder for a 492 MWh storage project under South Africa’s public BESIPPPP programme.
en_1140290950540

Aker Solutions secures 2 GW contract for BalWin2 in Germany

Aker Solutions will deliver the steel structure for an HVDC converter station for the offshore BalWin2 project developed by Amprion Offshore, under a contract valued at up to NOK2.5bn ($228mn).
Syria signs $7bn energy deal with foreign partners
Syria has signed a $7bn agreement with a consortium of companies from Qatar, Turkey and the United States to rebuild its national power sector.
en_1140290953540
Syria signs $7bn energy deal with foreign partners
Syria has signed a $7bn agreement with a consortium of companies from Qatar, Turkey and the United States to rebuild its national power sector.
en_1140290953540
EU and UK carbon prices stall pending regulatory clarification
European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.
en_1140290954540
EU and UK carbon prices stall pending regulatory clarification
European and UK carbon markets paused this week as participants await clarity on future integration of both emissions trading systems.
en_1140290954540
Sweden enforces tighter controls on Russian ships in the Baltic Sea
The Swedish government will implement new disclosure rules for foreign vessels, specifically targeting tankers linked to Russia’s hard-to-trace oil fleet.
en_1140290961540
Sweden enforces tighter controls on Russian ships in the Baltic Sea
The Swedish government will implement new disclosure rules for foreign vessels, specifically targeting tankers linked to Russia’s hard-to-trace oil fleet.
en_1140290961540

Arctech to deliver 175 MW of solar trackers for hydrogen project in Oman

Chinese supplier Arctech will equip a green hydrogen project in Duqm with 175 MWp of solar trackers, marking a milestone in the industrial energy development of Oman’s coastal region.
Australia falling behind in low-carbon hydrogen despite recognised global potential
With 80% of its projects still in early stages, Australia struggles to realise its hydrogen ambitions, according to Wood Mackenzie, which warns of lost competitiveness against Europe and the Middle East.
en_1140290959540
Australia falling behind in low-carbon hydrogen despite recognised global potential
With 80% of its projects still in early stages, Australia struggles to realise its hydrogen ambitions, according to Wood Mackenzie, which warns of lost competitiveness against Europe and the Middle East.
en_1140290959540
TotalEnergies and RGE secure key licence to export 1 GW of electricity to Singapore
Singa Renewables receives Singaporean approval to import Indonesian solar electricity, marking a strategic step forward in a regional project led by TotalEnergies and RGE.
en_1140290958540
TotalEnergies and RGE secure key licence to export 1 GW of electricity to Singapore
Singa Renewables receives Singaporean approval to import Indonesian solar electricity, marking a strategic step forward in a regional project led by TotalEnergies and RGE.
en_1140290958540
Waaree secures 586 MW solar deal in the US worth $176mn
Indian manufacturer Waaree has signed a $176mn solar module supply agreement with a US-based independent power producer, marking a key step in its industrial presence in the United States.
en_1140290957540
Waaree secures 586 MW solar deal in the US worth $176mn
Indian manufacturer Waaree has signed a $176mn solar module supply agreement with a US-based independent power producer, marking a key step in its industrial presence in the United States.
en_1140290957540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS