Eiffage (FGR) Q3 2026 TU earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2026 was €18.795bn, up 2.6% reported and 1.5% like-for-like YoY.

• Q3 revenue was €6.595bn, up 3.3% reported and 2.2% like-for-like; Contracting growth accelerated to 4.0% reported and 2.5% like-for-like.

Financial highlights

• Nine-month Contracting revenue rose 3.2% to €15.764bn; Concessions revenue declined 0.3% to €3.031bn, while growing 0.6% like-for-like.

• France revenue increased 1.0% to €11.885bn; Europe outside France rose 9.3% to €6.510bn; international revenue outside Europe fell 32.3% to €400m.

Outlook and guidance

• 2026 guidance is confirmed for revenue growth and increases in operating profit on ordinary activities and net profit, assuming an unchanged French tax framework.

• Contracting order book was €31.4bn at 30 September, up 2% YoY and 5% since year-start, representing 17.3 months of activity.

• If the 2027 Finance Bill raises the TEITLD rate on APRR and AREA from 4.6% to 12.2% of toll revenue, the 2026 impact based on 2025 figures would be ~€210m on operating profit and ~€110m on net profit.