Eiffage S.A.

Eiffage is a construction and concessions group. Co.'s operations are organized into five divisions. The Concessions and PPPs division is engaged in construction and operating of infrastructures under concessions and public private partnerships. Through the Construction division, Co. is engaged in building design and construction, property development and building maintenance. Through the Public works division, Co. is engaged in civil engineering, road construction, infrastructure maintenance and material production. The Energy division specializes in electrical contracting and air conditioning. Through the Metal division, Co. is engaged in metallic construction and services to industry.
  • TickerFGR
  • ISINFR0000130452
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/07/2019

While, since the creation of the banking union, Germany has steadfastly opposed the idea of setting up a common scheme to guarantee savers’ deposits, the article published in the Financial Times on Wednesday 6 November by the German finance minister has come as a bombshell. There is still a long way to go, but this statement responds to a real need for capital market unification and investors want to believe in this scenario. At the sector level, our analysts believe that it will rela...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/11/2019

Alors que l’Allemagne s’est opposée depuis la création de l’Union Bancaire à la création d’un fonds de garantie des dépôts au niveau européen, l’article publié dans le FT du ministre allemand des finances a fait l’effet d’une « bombe ». Il y a loin encore de la coupe aux lèvres, mais cette déclaration répond à un vrai besoin d’unification des marchés de capitaux et les investisseurs veulent y croire. Sur le plan sectoriel, nos analystes pensent qu’elle relancera les scénarios de conso...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Continuing excellent momentum in the contracting segment in Q3 2019

>Q3 2019 revenues up 8.9%, with +10.5% in the contracting segment - Having posted slightly disappointing APRR revenues (decline in traffic in Q3 of 0.5% – see our comment of 23 October), Eiffage reported revenue growth of 8.9% (with +7.7% l-f-l), nearly 5% ahead of our expectations. For Q3, the contracting business saw growth of 10.5% (with +9.4% l-f-l), which is along the same lines as H1 (9-month revenues up 10.3% l-f-l). This performance is even better than Vi...

Eric Lemarie

EIFFAGE: Further strong top-line growth in Contracting in Q3 | BUY | EUR109 vs. EUR107 (+12%)

EIFFAGE - BUY | EUR109 vs. EUR107 (+12%) Further strong top-line growth in Contracting in Q3 Solid organic growth in Q3 Bright Outlook

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Poursuite de l’excellente dynamique des travaux au T3 2019

>CA T3 en hausse de 8.9% dont +10.5% dans les travaux - Après avoir publié un CA d’APRR un peu décevant (baisse du trafic sur le T3 de 0.5% – voir notre commentaire du 23 octobre), Eiffage a publié un chiffre d’affaires en hausse de 8.9% (dont +7.7% lfl) quasiment 5% supérieur à nos attentes. Sur le T3, l’activité travaux progresse de 10.5% (dont +9.4% lfl) restant sur des tendances similaires à celle du S1 (CA 9 mois en hausse de 10.3% lfl). Cette performance es...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Continuing excellent momentum in the contracting segment in Q3 2019

>Q3 2019 revenues up 8.9%, with +10.5% in the contracting segment - Having posted slightly disappointing APRR revenues (decline in traffic in Q3 of 0.5% – see our comment of 23 October), Eiffage reported revenue growth of 8.9% (with +7.7% l-f-l), nearly 5% ahead of our expectations. For Q3, the contracting business saw growth of 10.5% (with +9.4% l-f-l), which is along the same lines as H1 (9-month revenues up 10.3% l-f-l). This performance is even better than Vi...

Eric Lemarie

EIFFAGE: Further strong top-line growth in Contracting in Q3 | BUY | EUR109 vs. EUR107 (+12%)

EIFFAGE - BUY | EUR109 vs. EUR107 (+12%) Further strong top-line growth in Contracting in Q3 Solid organic growth in Q3 Bright Outlook

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Poursuite de l’excellente dynamique des travaux au T3 2019

>CA T3 en hausse de 8.9% dont +10.5% dans les travaux - Après avoir publié un CA d’APRR un peu décevant (baisse du trafic sur le T3 de 0.5% – voir notre commentaire du 23 octobre), Eiffage a publié un chiffre d’affaires en hausse de 8.9% (dont +7.7% lfl) quasiment 5% supérieur à nos attentes. Sur le T3, l’activité travaux progresse de 10.5% (dont +9.4% lfl) restant sur des tendances similaires à celle du S1 (CA 9 mois en hausse de 10.3% lfl). Cette performance es...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR's traffic down 0.5% in Q3 2019

>Light vehicles down 0.8% cc (ODDO BHF’s estimate: -1%), heavy vehicles 1.4% (ODDO BHF: +1%) - APRR has reported traffic down -0.5% in Q3 2019, a shade above our expectations (ODDO BHF: -0.7%e). Unsurprisingly, light vehicle traffic remains on a downtrend (-0.8%) for Q3 2019, close to our estimates of -1.0%e. Note that during the road show which we had organised with the group’s management at the start of September, management indicated that the group had recorde...

Eric Lemarie

EIFFAGE: Somewhat tepid quarter for APRR traffic in Q3 | BUY | EUR107(+13%)

EIFFAGE - BUY | EUR107(+13%) Somewhat tepid quarter for APRR traffic in Q3 Traffic down 0.5% in Q3, due to light vehicles But revenues positively oriented thanks to pricing 2019 traffic estimates slightly adjusted. Fair Value unchanged.

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/07/2019

While, since the creation of the banking union, Germany has steadfastly opposed the idea of setting up a common scheme to guarantee savers’ deposits, the article published in the Financial Times on Wednesday 6 November by the German finance minister has come as a bombshell. There is still a long way to go, but this statement responds to a real need for capital market unification and investors want to believe in this scenario. At the sector level, our analysts believe that it will rela...

Alain William ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Benoit Valleaux
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/11/2019

Alors que l’Allemagne s’est opposée depuis la création de l’Union Bancaire à la création d’un fonds de garantie des dépôts au niveau européen, l’article publié dans le FT du ministre allemand des finances a fait l’effet d’une « bombe ». Il y a loin encore de la coupe aux lèvres, mais cette déclaration répond à un vrai besoin d’unification des marchés de capitaux et les investisseurs veulent y croire. Sur le plan sectoriel, nos analystes pensent qu’elle relancera les scénarios de conso...

Benoit Valleaux ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/23/2019

We are initiating coverage of Merlin Properties and Colonial, Spain’s top two REITs, with a Buy recommendation. We expect the groups, each with its specific strategic direction, to continue their development in a positive economic climate. - - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/10/2019

...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/10/2019

...

EIFFAGE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of EIFFAGE (FR), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date August 20, 2019, the closing price was EUR 91.36 and its potential was estimated at EUR 97.60.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Egis Group - Strategy, SWOT and Corporate Finance Report

Summary Egis Group - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Egis Group (Egis) provides engineering and construction services. It serves transportation, industry, water, environment, energy, urban development, maritime and building sectors. The company provides project structuring, equity investment, consulting, inspection and certification, mobility servic...

MarketLine Department

STRABAG SE - Strategy, SWOT and Corporate Finance Report

Summary STRABAG SE - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights STRABAG SE (STRABAG) is a provider of construction services. It provides civil engineering, transport infrastructures, and construction materials. The company’s key business activities include railway construction, sewer engineering, pipe and sewer construction, traffic engineering, waterway const...

Eric Lemarie

Smart Industries: Top Pick for Q2 2019: Eiffage with upside, visibility & momentum

Smart Industries Top Pick for Q2 2019: Eiffage with upside, visibility & momentum Looking back at Q1 2019: strong start of the year What we see for Q2 2019. We remain cautious on pure cyclicals Conclusion and Top Pick: Eiffage with upside, visibility & momentum

MarketLine Department

Strabag SE - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Strabag SE Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Strabag SE since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

MarketLine Department

Eiffage SA – Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Summary Construction and Real Estate Key Findings Construction and Real Estate Construction and Real Estate Reasons To Buys MarketLine Key Highlights France

Eiffage - Assemblée générale des actionnaires du 24 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Eiffage – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 25/04/2018

Le principal sujet de cette assemblée générale concerne la politique de rémunération 2018 du Président Directeur Général. En effet, la société propose de modifier les conditions de performance attachées aux actions de performance. Jusqu'à présent, une seule condition de performance déterminait le nombre d'actions finalement acquises. Cette condition de performance (performance du cours sur une période de 3 ans) permettait l'acquisition en cas de sous performance, ce qui n'était pas acceptable. Les nouvelles conditions de performance sont au nombre de 3 (performance du bénéfice par action et p...

Jehanne Leroy

Proxy Report - 25/04/2018

The main subject of this AGM is the 2018 remuneration policy of the Chairman and CEO. It contains a change in the LTI performance conditions. Previously, there was only 1 performance condition (the company’s share price) and it was allowing vesting in case of underperformance. The new plan for 2018 will comprise 3 performance conditions (absolute performance of the company’s EPS and absolute and relative performances of the company’s shares price). And the EPS criterion (which weights for 50% of the plan) does not allow vesting in case of underperformance. This improvement is the main reason ...

Jehanne Leroy

Etude de l'AG du 19/04/2017

L'un des principaux sujets de cette assemblée générale est la politique de rémunération de M. de Ruffray, Président Directeur général depuis le 18 janvier 2016.Si globalement cette politique semble plutôt acceptable (voir résolution 13), de sérieuses critiques peuvent être formulées sur la rémunération attribuée au titre de 2016 à M. de Ruffray, et ce notamment sur le sujet des actions gratuites qui lui ont été attribuées (voir résolution 10).En effet, si leur valorisation n'est pas excessive, la condition de performance qui leur est attachée permet l'acquisition en cas de significative sous-p...

Jérôme VINERIER

Short term view - EIFFAGE : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €80.20, then €76.70. Passing €92.10 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - EIFFAGE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 80,20 €, puis 76,70 €. Le franchissement de 92,10 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Analyse court terme - EIFFAGE : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 80,20 €, puis 76,70 €. Le franchissement de 92,10 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - EIFFAGE : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €80.20, then €76.70. Passing €92.10 would question the continuation of the fall.

Jérôme VINERIER

Medium term view - EIFFAGE : The trend is bullish.

The trend is bullish. The recent fall is getting more vigorous. The next support is at €84.70. A break below €84.70 would challenge the trend.

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