Eiffage (FGR) investor relations material

Executive summary

• Revenue reached €5.65 billion in Q1 2026, up 0.6% year-over-year, with growth in both Contracting (+0.5%) and Concessions (+0.7%).

• Robust performance in Europe offset a sharp 54.6% decline in revenue outside Europe due to the scheduled end of export projects.

• The Contracting order book hit a record €31.1 billion, up 5% year-over-year and 4% since December 2025.

• Strengthened Concessions portfolio with increased stake in Getlink and new Paris heating network concession.

Financial highlights

• Construction revenue rose 5.0% to €992 million, driven by major projects in France and strong property development activity.

• Infrastructure revenue declined 4.0% to €1,854 million, mainly due to project completions outside Europe.

• Energy Systems revenue increased 3.0% to €1,891 million, with strong growth in Europe excluding France.

• Concessions revenue grew 0.7% to €912 million, with APRR and AREA networks up 1.7% despite a 0.9% drop in traffic.

• Group liquidity improved to €4.9 billion as of 31 March 2026, up from €4.7 billion a year earlier.

Outlook and guidance

• 2026 outlook confirmed, expecting stable or slightly higher revenue and operating profit in both Contracting and Concessions.

• Net income group share anticipated to rise due to improved operational performance.

• Guidance subject to change if Middle East crisis impacts Europe more significantly.