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Eiffage SA (DE:EF30)
FRANKFURT:EF30
Germany Market
EarningsQ2 2026 Earnings Report

Eiffage SA (EF30) Q2 2026 Earnings Report

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DE:EF30 Q2 2026 EPS Results

Actual EPS€0.73
Consensus EPS―
Beat/Miss―
One Year Ago EPS€0.63

DE:EF30 Q2 2026 Revenue Results

Actual Revenue€12.74B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+7.99%

Earnings Announcement Details

QuarterQ2 2026
Date08/26/2026
TimeDuring Market Hours
Conference CallWednesday, August 26, 2026
DE:EF30 Upcoming Earnings
Eiffage SA's next earnings date is estimated for February 24, 2027, based on past reporting schedules.

Q2 2026 Earnings Call Audio

DE:EF30 Q2 2026 Earnings Call
0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026
Earnings Call Date:Aug 26, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented a broadly positive underlying operational and financial picture: modest top-line growth (+2.3%), meaningful net profit improvement (+~12%), margin gains in contracting and energy systems, a stronger order book (~EUR 31.5bn) and a reduction in net debt despite active M&A. Key challenges include concession traffic declines driven by high fuel prices and geopolitical events, H1 cash absorption/seasonality and softness in road/public works. Management expects H2 improvement in cash and confirms FY 2026 objectives for growth in activity, operating result and net result but flags a likely slight contraction in concessions. On balance, positive operational momentum and balance-sheet progress outweigh the headwinds in concessions and H1 cash timing effects.
Company Guidance
Management reiterated 2026 guidance, confirming a year‑on‑year increase in group activity, recurring operating result and net result, while flagging a slight downturn in concessions: H1 sales rose 2.3% (contracting +2.8% H1, Q2 acceleration to +4.8%), recurring operating result was +€20m vs H1‑25, net profit group share €342m (+≈12%), order book up 7% YoY to €31.5bn, and contracting margins improved ~20bp; Eiffage Énergie Systèmes grew ~4.8% (organic ~2–4%) with margins up ~30bp to ~5.2%. Free cash flow was structurally weak in H1 (net FCF ≈‑€75m vs ‑€91m a year earlier), gross cash ≈€2.4bn, total debt €9.4bn and net debt fell by over €500m YoY despite ~€1bn of external‑growth investments; Getlink stake now 29.4% (1.74% bought for €167m) and June dividends from associates were €129m (vs €62m in 2025). On outlook, management expects concessions sales and operating result to be slightly down (LV traffic down ~2.5% H1 with HGVs +2.4%), while works (infrastructure and construction) should be slightly up and Energy Systems post stronger but below 2025 growth — overall reaffirming a modestly positive 2026 trajectory.
Revenue and Profit Growth
Group sales increased 2.3% in H1 2026; recurring operating result rose by approximately EUR 20 million year-on-year; net result, group share reached EUR 342 million, up ~12% versus H1 2025.
Strong Order Book and Visibility
Order book grew (management cited a 7% year-on-year rise to around EUR 31.5 billion) and was described as a historic high, progressing across all business lines and providing solid medium-term visibility.
Net Debt Reduction Despite M&A and Investments
Net debt decreased by over EUR 500 million over the past 12 months despite nearly EUR 1 billion of external growth investments; gross cash resources remain substantial (management referenced gross cash ~EUR 2.4 billion and total debt of EUR 9.4 billion).
Operational Margin Improvements in Key Businesses
Construction/contracting saw sales up ~2.8% in H1 and +4.8% in Q2 with a 20 basis-point improvement in operating margin; Eiffage Énergie Systèmes delivered ~4.8% growth (2% organic) and improved operating margin by ~30 basis points (to ~5.2%).
Major Contract Wins, Partnerships and Strategic M&A
Multiple significant wins and partnerships across countries: RTE 450 modular buildings, Campus AI Fouju substation (EUR 120m), SNCF bridges (Amiens-Laon), A3 motorway opening in Germany (76 km; EUR 2.8bn PPP), 12-year manufacturing partnership with Arabelle Solutions for nuclear heat-exchanger components, data center contract in Valencia, and five acquisitions since January (e.g., Hand & Werk, Claus Heinemann, Baatz).
ESG Progress and Carbon Strategy
Improved extra-financial ratings (EcoVadis, MSCI), publication of an updated climate report, and a group-wide environmental training dynamic engaging ~90,000 employees, underscoring progress on decarbonization and biodiversity objectives.

DE:EF30 Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Feb 24, 2027
2026 (Q4)
- / -
1.538―
2026 (Q2)
- / 0.73
0.63315.81% (+0.10)
2025 (Q4)
- / 1.54
1.33215.49% (+0.21)
2025 (Q2)
- / 0.63
0.771-17.88% (-0.14)
2024 (Q4)
- / 1.33
1.2437.13% (+0.09)
2024 (Q2)
- / 0.77
0.78-1.13% (>-0.01)
2023 (Q4)
- / 1.24
1.01822.07% (+0.22)
2023 (Q2)
- / 0.78
0.7129.49% (+0.07)
2022 (Q4)
- / 1.02
1.082-5.84% (-0.06)
2022 (Q2)
- / 0.71
0.56525.93% (+0.15)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed