Skip to main content

Egis reporting strong performance

French firm Egis is reporting improved group performance with its latest financial results. In 2015, the Group’s managed turnover amounted to €937 million, up 10% compared with 2014 (€854 million). This growth can be attributed to acquisitions which account for approximately 6%, but it is also due to business development: 4% excluding scope effects. Following a drop in 2014, the order intake for engineering has resumed an upward trend. It represented 14 months of business in 2015, taking the order book t
April 6, 2016 Read time: 2 mins
French firm 2643 Egis is reporting improved group performance with its latest financial results. In 2015, the Group’s managed turnover amounted to €937 million, up 10% compared with 2014 (€854 million). This growth can be attributed to acquisitions which account for approximately 6%, but it is also due to business development: 4% excluding scope effects.

Following a drop in 2014, the order intake for engineering has resumed an upward trend. It represented 14 months of business in 2015, taking the order book to 22 months of activity at the end of 2015, which is a positive signal for the coming year. Recurrent operating profit stood at €47.4 million, as against €31.7 million in 2014. Distributable net profit (group share) stood at €26.9 million in 2015. Excluding capital gains, the figure is €24.4 million, a substantial increase compared with 2014 (€13.5 million).

The group is expanding internationally and 60% of its turnover in 2015 was generated outside France. This figure compares with 53% in 2015 and 49% in 2014. This geographical shift in our business is in line with its strategy to target growth areas. The firm has consolidated its presence in India, the Middle East and Brazil, positioning these three regions as strategic platforms for future development of the company.

In 2015, Egis recorded a substantial increase in its international business, and in particular in the Middle East (which now accounts for 13% of Group turnover) where it acquired Projacs, one of the region’s leading project management consultancies.

The Group was awarded a number of significant projects relating to the construction of major transport infrastructure all over the world, such as the operational management of the National Highway NH-8D toll motorway in India; and the EPCM of the improvement and widening of the Grenoble orbital motorway (A480) and the widening of the A75 south of Clermont-Ferrand.

In 2015, Egis continued to develop its activities in new mobility services and, among other achievements, was awarded a contract for on-street parking services in the city of Amsterdam which feature among the most advanced in the world.

For more information on companies in this article

Related Content

  • Volvo CE is increasing margins despite weak sales
    July 24, 2013
    Volvo CE reports that its operating margin has recovered in the second quarter of 2013, although the firm has been hit by weaker sales, especially in the mining industry. This situation reflects the continued slowdown in the size of the total market for construction equipment and the company’s sales were down 19% during the period. However the firm said that behind the headline figures there were underlying positives, not least a good order intake and improving trends in China, Europe and the Middle East, a
  • Cummins sets new quarterly record
    November 6, 2023
    The US-headquartered global off-highway machine engine giant posted a 15% year-on-year revenue rise to US$8.4 billion.
  • Manitou posts 6% sales increase for first half 2015
    August 5, 2015
    Manitou, a maker of telehandlers, aerial platforms and forklifts, has reported sales for the half year 2015 up 6% to €681 million. The company, based in Ancenis, France, also reported net income of €17 million versus €14 million for the same period last year. Order intake on equipment in second quarter of this year was €252 million versus €248 million in Q2 2014. "The growth regions remained in North America and northern Europe, however with less sustained momentum than last year,” said Michel Deni
  • Volvo CE is moving production of backhoe loaders and graders
    November 13, 2014
    Volvo CE has announced it is moving production of its backhoe loaders and motor graders to its Chinese SDLG operation. The move is being made as part of a larger reorganisation, intended to boost overall profitability. Cost-saving measures are being implemented by Volvo CE to address the profitability of certain products. And the firm is opting to discontinue product development and production of backhoe loaders and motor graders in Europe and Americas and transfer these operations to its Chinese company