France's Eiffage posts 4.9% quarterly revenue rise, confirms outlook
Adds details on contracting revenue, context on Olympics, outlook
May 14 (Reuters) -French construction group and motorway operator Eiffage FOUG.PA reported a 4.9% rise in first-quarter revenue and confirmed its 2024 outlook on Tuesday, bolstered by the performance of its infrastructure and energy systems businesses.
Eiffage, which runs the 1,883 kilometre Autoroutes Paris-Rhin-Rhône toll road network across eastern France, said its total revenue was 5.19 billion euros ($5.61 billion), against 4.9 billion euros in the same quarter of 2023.
Like-for-like revenue at the group's contracting division, which includes construction, infrastructure and energy systems, rose by 1.4% to 4.3 billion euros.
Revenue from infrastructure and energy systems increased by 7.7% and 6.1% respectively, while construction fell 13.8% due to an overall drop "from the new-housing crisis in Europe", Eiffage said in a statement.
Eiffage has developed the athletes' village for the Paris Olympic and Paralympic Games in July and August, in the suburban towns of Saint Ouen, Saint Denis and L'Ile Saint Denis, where some 6,000 people will live after the Games.
($1 = 0.9246 euros)
Reporting by Stéphanie Hamel and Camilla Borri; Editing by Alexander Smith
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