EIFFAGE - Half-year trading statement to 30 June 2013

PR Newswire/Les Echos/ 
26 July 2013  
              HALF-YEAR TRADING STATEMENT TO 30 JUNE 2013  
- Sales in the second quarter of 2013 increased by 1.3%; slight decline of 1.3%
  in the first half of 2013.  
- Activity was strong for the Concessions division, while reservations at the
  Property Development activity reached a historical level in France, and the
  Bretagne-Pays de la Loire (BPL) high-speed rail line project is ramping up.  
- The order book reached EUR12.5bn representing about 13 months of activity for
  the Contracting activities.  
- Confirmation of the sales guidance, which remains for sales of EUR14.2bn in
  2013.  
1 - SALES FOR THE SECOND QUARTER OF 2013  
In millions of euro          2nd quarter    2nd quarter     % change 


                                2012            2013 

CONSTRUCTION                     995             941           -5.4% 
Of which Property                143             148 

PUBLIC WORKS                   1,016           1,102           +8.5% 

ENERGY                           780             799           +2.4% 

METAL                            245             233           -9.0% 
                             ____________  _______________  ______________ 
       Sub-total Contracting
                  Activities    3,037          3,065           +0.9% 

CONCESSIONS (excluding 
IFRIC 12)                         538            556           +3.3% 

TOTAL GROUP (excluding 
IFRIC 12)                       3,575          3,621           +1.3% 
Construction revenue 
of Concessions (IFRIC 12)          55             70            n/m 

2 - SALES FOR THE FIRST HALF OF 2013
                            1st half    1st half         % change


                          2012        2013
In millions of euro                                Reported   Like-for-like 
CONSTRUCTION                  1,840      1,696       -7.8%        -6.5%
Of which Property               258        257   
PUBLIC WORKS                  1,764      1,806       +2.4%        +1.3% 
ENERGY                        1,542      1,550       +0.5%        -1.3% 
METAL                           427        401       -6.1%        -6.3% 
                        __________   ________   _________   _________
  Sub-total Contracting  
         Activities        5,573      5,453       -2.2%       -2.5% 
CONCESSIONS 
(excluding IFRIC 12)           1,043      1,074       +3.0%       +3.0% 
TOTAL GROUP 
(excluding IFRIC 12) 
Of which:                      6,616      6,527       -1.3%       -1.6%
. France                       5,638      5,554       -1.5%       -1.8%
. Rest of Europe                 874        844       -3.4%       -3.8%
. Rest of world                  104        129      +24.0%      +24.0%   
Construction revenue 
of Concessions (IFRIC 12)        78         114             n/m 
3 - REVIEW OF ACTIVITY 
Consolidated sales reported by EIFFAGE for the second quarter of 2013 came to
more than EUR3.6bn, up by 1.3% year-on-year.
Consolidated sales in the first half of 2013 came to EUR6.5bn, down by 1.3%
year-on-year on a reported basis and by 1.6% like-for-like. 
At the Contracting activities, sales declined to EUR5.5bn in the first half of
2013, down by 2.2% on a reported basis and by 2.5% like-for-like. 
Construction: sales of EUR1,696m (down by 7.8% on a reported basis and by 6.5%
like-for-like)
- In France, EIFFAGE CONSTRUCTION recorded a strong level of activity in the
Ile-de-France region, but proved more difficult conditions in the regions; 
sales are down by 10.2% to EUR1,367m, (- 8.9% like-for-like). Order intake was 
strong in the second quarter.
At the Property business, the excellent reservation performances in the first
quarter carried over into the second quarter, with a historical level of 1,800
reservations compared with 1,229 at 30 June 2012. 
- In the rest of Europe, sales recovered strongly to EUR329m (up by 3.8% on a
reported basis and by 4.8% like-for-like), notably in the Benelux. 
Public Works: EUR 1,806m (up by 2.4% on a reported basis and by 1.3%
like-for-like) 
- In France, EIFFAGE TRAVAUX PUBLICS recorded a sharp 5.2% increase in sales to
EUR1,522m, with the Bretagne-Pays de la Loire (BPL) high-speed rail line 
project ramping up, in line with the planning. 
- In the rest of Europe (EUR213m, down by 17.1%), activity in Germany was 
stable in the second quarter, while there was another contraction in Spain, 
where the economic environment remains very unfavourable. 
- In the rest of the world, sales generated in Senegal increased by 19.3%. 
Energy: sales of EUR1,550m (up by 0.5% on a reported basis but down by 1.3%
like-for-like) 
- In France, sales inched lower to EUR1,268m (down by 0.5% on a reported basis
and by 2.4% like-for-like), making up most of the shortfall recorded in the
first quarter. 
- In the rest of Europe, sales increased by 1.2%, buoyed in all countries where
the division is present save for Spain, where there was a 16.6% decrease. 
- In the rest of the world, sales increased to EUR27m, up by nearly 69%. 
Metal: sales of EUR401m (down by 6.1% on a reported basis and by 6.3%
like-for-like) 
- In France (EUR325m, down by 7.9%), the decrease in sales was mainly due to
Industrial Services and, to a lesser extent, to Metallic Construction, whereas
Facades (GOYER) confirmed its strong growth. 
- In the rest of Europe (EUR47m) stable on the whole, there was a 7.3% increase
in Germany. 
- In the rest of the world, sales increased by 7.4% to EUR29m. 
In Concessions, total traffic on the APRR network, as measured by the number of
kilometres travelled, increased by 0.2% in the first half of 2013 compared with
the year before. Light vehicle traffic increased by 0.5%. Heavy goods vehicle
traffic continues to decline but on a slightly improving trend (a 0.1% increase
in the second quarter). Consolidated sales contributed by APRR increased to
EUR1,001m, up by 1.9% from EUR983m in the first half of 2012. 
Overall traffic on the Millau Viaduct reduced by 0.8% compared with the first
half of 2012 (after a 2.0% decrease in the first quarter of 2013), with
decreases of 0.7% for light vehicles and 2.0% for heavy goods vehicles. 
Revenues increased by 3.6% to EUR14.5m in the first half of 2013. 
As regards the A65 Pau-Langon motorway operated by A'Liénor, overall traffic
recorded another increase, up by 5.3%, with increases of 5.5% for light 
vehicles and of 3.2% for heavy goods vehicles. As a result, sales increased to
EUR20.5m, up by 10.8% compared with the first half of 2012. 
Overall traffic on the Avenir motorway in Senegal increased by 14.3%, with a
14.7% increase for light vehicles and a 2.0% decrease for heavy goods vehicles.
Revenues amounted to EUR2m in the first half of 2013. 
Other Concessions and Public Private Partnerships generated sales of EUR35m in
the first half of 2013 compared with EUR26m in the first half of 2012 largely
attributable to the activities of the Grand Stade de Lille Métropole and the
Energy Efficiency Contract in the Centre region. 
4 - PROSPECTS 
The order book stood at EUR12.5bn on 1 July 2013.
This represents a 2.5% increase compared with 1 January 2013 (a 7.7% decrease
year-on-year) and remains equivalent to nearly 13 months of activity for the
Contracting activities, supporting the 2013 sale guidance of EUR14.2bn.
Results for the first half of 2013 will be sanctioned by the Board of Directors
on 28 August 2013 and published after trading hours the same day. 
                                   ____ 
Investor contact: Xavier Ombrédanne
Eiffage - 163, Quai du Docteur Dervaux, 92601 Asnières-sur-Seine Cedex
Tel: + 33 (0)1 41 32 81 44 - E-mail: xavier.ombredanne@eiffage.com 
                  
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-0- Jul/27/2013 10:37 GMT
 
 
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