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

GlobalData Department

Eiffage SA (FGR) - Power - Deals and Alliances Profile

Summary Eiffage SA (Eiffage) is a construction and concession company. It operates in businesses of energy and infrastructure construction, real estate development, road construction, civil engineering, concessions, and public-private partnerships. The company’s activities include construction, renovation and maintenance of roads and streets, drainage and earthworks, electrical engineering, and urban development. It also carries out metallic construction services, integration and operation of energy and telecommunication systems, and building and operation of infrastructure such as motorways ...

Eric Lemarie

EIFFAGE: Nice top line performance in Q3 | BUY | EUR108

EIFFAGE - BUY | EUR108(+24%) Nice top line performance in Q3 Acceleration of the growth in Q3 With a very good performance in infrastructure and energy Outlook reiterated Positive stance confirmed

Baptiste Lebacq ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jean Sassus
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/07/2018

Italy’s economy had slowed down in the first half of the year. It stagnated in Q3. In October, some indicators raise fears of a slide back into recession. Over the past six months, the situation has deteriorated both politically (Rome-Brussels relations) and financially (increase in the risk premium). Rising financing costs may crowd out private demand. Fiscal stimulus is therefore aggravating problems rather than resolving them. To dispel the “wait-and-see” sentiment, it is urgent t...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : A solid Q3

>Buy recommendation maintained on Eiffage - Favourable trend in operating momentum (as reflected once again in another solid publication overall), in both contracting (brisk momentum of the French market thanks to Grand Paris and the Olympic Games projects) and concessions. Free option on future motorway stimulus plans, on our estimates. See our report dated 6 September “Feedback from road show: momentum building up”.Sales around 6% above our estimates a...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jean Sassus
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/11/2018

L’économie italienne avait ralenti au premier semestre. Elle a stagné au T3. En octobre, certains indicateurs laissent craindre une rechute en récession. Depuis six mois, la situation se dégrade au plan politique (relations Rome-Bruxelles) et financier (hausse de la prime de risque). Le renchérissement des coûts de financement risque d’évincer la demande privée. La relance budgétaire aggrave donc les problèmes au lieu de les résoudre. Pour lever le climat d’attentisme, il est urgent d...

Eric Lemarie

EIFFAGE: Nice top line performance in Q3 | BUY | EUR108

EIFFAGE - BUY | EUR108(+24%) Nice top line performance in Q3 Acceleration of the growth in Q3 With a very good performance in infrastructure and energy Outlook reiterated Positive stance confirmed

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : A solid Q3

>Buy recommendation maintained on Eiffage - Favourable trend in operating momentum (as reflected once again in another solid publication overall), in both contracting (brisk momentum of the French market thanks to Grand Paris and the Olympic Games projects) and concessions. Free option on future motorway stimulus plans, on our estimates. See our report dated 6 September “Feedback from road show: momentum building up”.Sales around 6% above our estimates a...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : Un T3 2018 solide

>Opinion Acheter maintenue sur Eiffage - Momentum opérationnel bien orienté (comme en atteste à nouveau cette publication solide dans l’ensemble), tant dans le Contracting (bonne dynamique du marché français grâce au GP et les JO) que dans les concessions. Option gratuite sur de futurs plans de relance autoroutes, selon nous. Cf études datée du 06/09 « Feedback road show : une dynamique en marche »CA de ~6% au-dessus de nos attentes et du consensus - §sep...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Building France: September, continued slowdown in the non-residential segment

>Negative stock market impact - Figures down in September in both the residential and non-residential segments The slowdown in the residential segment, which was not in doubt, continues. The bad news stems from figures in non-residential, which confirm the decline observed in August, with new building starts now showing a decline over three months rolling, as is the case for building permits. Over twelve months rolling, new building starts in the non-residential segme...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Bâtiment France : Septembre, poursuite du ralentissement dans le non résidentiel

>Impact boursier négatif - Chiffres en baisse en septembre à la fois dans le résidentiel et dans le non résidentiel. Le ralentissement dans le résidentiel, qui ne faisait pas de doute, continue. La mauvaise nouvelle provient des chiffres du non résidentiel, qui confirment le repli observé en août, avec des mises en chantier qui s’affichent désormais en baisse sur trois mois glissants, comme pour les permis de construire. Sur 12 mois glissants, les mises en chantier da...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jean Sassus
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/07/2018

Italy’s economy had slowed down in the first half of the year. It stagnated in Q3. In October, some indicators raise fears of a slide back into recession. Over the past six months, the situation has deteriorated both politically (Rome-Brussels relations) and financially (increase in the risk premium). Rising financing costs may crowd out private demand. Fiscal stimulus is therefore aggravating problems rather than resolving them. To dispel the “wait-and-see” sentiment, it is urgent t...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Jean Sassus
  • Louis Boujard
  • Matthias Desmarais
  • Olivier Lebrun
  • Philippe Ourpatian
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon
  • Thomas Zlowodzki
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/11/2018

L’économie italienne avait ralenti au premier semestre. Elle a stagné au T3. En octobre, certains indicateurs laissent craindre une rechute en récession. Depuis six mois, la situation se dégrade au plan politique (relations Rome-Bruxelles) et financier (hausse de la prime de risque). Le renchérissement des coûts de financement risque d’évincer la demande privée. La relance budgétaire aggrave donc les problèmes au lieu de les résoudre. Pour lever le climat d’attentisme, il est urgent d...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/30/2018

For the moment, 5G has generated more anxiety than real enthusiasm among investors. Our analysis suggests a smooth transition for capex, but that the incident with the spectrum auctions might weigh on sentiment. We favour the German market if the absence of a fourth player is confirmed on 26 November. Deutsche Telekom (Buy, target price € 17.7) is our Top Pick. Cf. sector report published last evening. - ...

Alexandre Iatrides ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/10/2018

La 5G génère pour l’heure plus d’anxiété qu’un réel engouement auprès des investisseurs. Notre analyse nous conduit à penser que la transition se fera en douceur sur les Capex mais que l’épisode des enchères de spectre risque de peser sur le sentiment. Nous privilégions l’Allemagne si le 26/11 confirme l'absence de 4e acteur. Deutsche Telekom (Achat, OC 17.7 €) est notre top pick. Cf.étude publiée hier soir. - ...

Alfred Glaser ...
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Léopold Authié
  • Nicolas David
  • Olfa Taamallah
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/23/2018

At the Capital Markets Day on 8 November, ASML should again outline an upbeat vision out to 2025. We expect further strong growth in sales (to between € 15bn and € 20bn in 2025 vs a target of € 11bn in the 2020 plan), along with growth in EPS, which we see reaching between € 11 (bear case) and € 18 (bull case) vs € 8.4 in 2020e. Based on our average scenario in 2025 (sales of € 17.5bn and EPS of € 15), the share price could potentially double, hence our Buy recommendation. Cf report p...

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...

GlobalData Department

Eiffage SA (FGR) - Power - Deals and Alliances Profile

Summary Eiffage SA (Eiffage) is a construction and concession company. It operates in businesses of energy and infrastructure construction, real estate development, road construction, civil engineering, concessions, and public-private partnerships. The company’s activities include construction, renovation and maintenance of roads and streets, drainage and earthworks, electrical engineering, and urban development. It also carries out metallic construction services, integration and operation of energy and telecommunication systems, and building and operation of infrastructure such as motorways ...

Eiffage SA (FGR) - Power - Deals and Alliances Profile

Summary Eiffage SA (Eiffage) is a construction and concession company. It operates in business fields of road construction, energy, infrastructure, real estate development, civil engineering, concessions, and public-private partnerships. The company’s activities include construction, renovation and maintenance of roads and streets, drainage and earthworks, electrical engineering, and urban development. It also carries out metallic construction services, integration and operation of energy and telecommunication systems, and building and operation of infrastructure such as motorways and public ...

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

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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