Eiffage SA (OTCPK:EFGSY) Q2 2025 Earnings Conference Call August 27, 2025 11:40 AM ET
Company Participants
Benoit de Ruffray – Chairman & CEO
Christian Cassayre – Chief Financial Officer
Ludovic Duplan – Chairman of Energy Systems Division
Conference Call Participants
Ami Galla – Citigroup Inc., Research Division
Elodie Yvonne Daniele Rall – JPMorgan Chase & Co, Research Division
Graham Hunt – Jefferies LLC, Research Division
Benoit de Ruffray
Good evening all, and welcome to this presentation of the half year results of Eiffage. As you have seen in the opening of the project of the substation OSS Jasmund for the wind farm Windanker and the Baltic Sea implemented by consortium HSM Offshore Energy, Smulders and Iv. The know-how of HSM and Smulders are very complementary, and we have grabbed the opportunity to reacquire HSM Offshore Energy, while we had already 4 projects in common and that the teams know each other well. This acquisition strengthens our presence as constructor on the market of substations, very dynamic in Europe.
Let’s move to the highlights of the first half year. It went very well according to our expectations and confirms our outlook for 2025. As expected, organic growth goes on to contribute to the growth of the group, plus the external growth. As announced, the Construction division, in spite of a downturn at the first quarter is back to growth as of end of June. This half year signs again a very strong growth in Europe outside of France, to a rate of 17.4%, 17, 1-7 point 4. Commercial activity remains important in all our business lines. Recovery plans in some countries in Europe, especially in Germany, will absolutely support and amplifying the development of our activities. The strong multi-annual visibility acquired last year remains present. As illustrated by our order book always its highest and which has been strengthened again.
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