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Eiffage eyes more growth as 2021 profit surpasses pre-pandemic level

Eiffage eyes more growth as 2021 profit surpasses pre-pandemic level
Eiffage eyes more growth as 2021 profit surpasses pre-pandemic level   -   Copyright  Thomson Reuters 2022
By Reuters

– Eiffage should see further earnings growth in 2022 across its businesses, the French building and infrastructure group said on Wednesday, as it posted a 2021 profit that surged past its pre-pandemic level.

The group, which builds roads, tunnels and electric infrastructure, now expects a slight increase in sales from its contracting business and more sustained growth in its concessions activities, fuelled by more air and motorway travel.

Its 2021 net profit more than doubled year-on-year to 777 million euros ($879.33 million), compared to the 725 million it recorded in 2019.

($1 = 0.8836 euros)