Consolidated sales reported by Eiffage for the first quarter of 2018 reached €3.4bn, up by 5.6% on a reported basis, compared with the first quarter of 2017 after restatement for the application of IFRS 15 (+4.3% like-for-like (lfl)).
Sales contributed by the Contracting activities increased by 4.8% on a reported basis (and by 3.1% lfl) to €2.7bn.
Overall traffic on the APRR network, as measured by the number of kilometres travelled, increased by 4.8% in the first quarter of 2018, light vehicle traffic increasing by 4.5% thanks notably to very favourable calendar effects (timing of Christmas and Easter weekend holidays), good snow conditions in the Alps and, in January 2018, the effect of the two new motorway sections integrated on 1 February 2017, while there was a 6.0% increase in heavy goods vehicle traffic.
Total revenue contributed by APRR (excluding construction revenue) reached €588.5m, up by 6.5%.
Significant events in the period
As part of a consortium, Eiffage was awarded two further lots for the Grand Paris Express project, the lot 1 for line 16, along with the extension of the southern section of line 14. These contracts total €2.2bn, with the Group’s share amounting to almost €1.9bn.
The Group pressed ahead with its development in Europe, with:
- the acquisition at the end of March 2018 of Priora AG, a leading construction company in German-speaking Switzerland with annual sales of around €340m; and
- the closing in April 2018 of the acquisition of Kropman, a Dutch group based in Nijmegen generating annual sales of around €150m and specialising in multi-technical electrical and mechanical engineering and contamination control and measurement.
The two companies will be consolidated from the second quarter of 2018.
Given the favourable dynamics in both Contracting order intake and motorway traffic, Eiffage confirms its outlook for 2018.
Group sales for the second quarter of 2018 and results for the first half of 2018 will be published on 29 August 2018 after trading hours.