Capital Goods French Community

Catalysts Record backlog in High Voltage (€6.2B in 2024). Growth in global electrification (CAGR 7% until 2028).

Key Takeaways Eiffage's growth is driven by major long-term infrastructure and renewable energy projects, enhancing future revenue and improving margins. International expansion and acquisitions boost contracting activity and operational efficiency, supporting net margin improvements and broader market presence.

Key Takeaways Expansion into electric vehicle infrastructure and strategic acquisitions are set to drive revenue growth and improve net margins. Development in airports and renewables, along with highway concessions, aims to enhance earnings and sustain long-term growth.

Key Takeaways Significant investment in copper recycling and electrification projects aligns with revenue growth and enhanced margins via new revenue streams and margin-focused growth. Large CapEx investments in high-demand cable production aim to boost profitability, supported by a robust project backlog ensuring future revenue and earnings stability.

Key Takeaways Focus on high-quality, margin-accretive orders in Services and Signaling is expected to boost revenue growth and future margins. Industrial restructuring and supply chain management improve operational efficiency, enhancing net margins and financial performance.

Key Takeaways Bouygues' construction backlog and strategic telecom launches support future revenue growth and enhance market presence. Effective cost control and strategic execution bolster margins and strengthen Bouygues’ financial structure.

Key Takeaways Legrand's acquisition strategy, especially in U.S. datacenters, is key to driving future revenue growth and significant sales in high-growth markets. Resilience in free cash flow allows investments in M&A and R&D, supporting long-term organic growth and market position enhancement.

Key Takeaways Airbus aims to increase production rates in Commercial Aircraft, leveraging strong order backlogs to boost revenue and ensure growth. Defense and Space transformations target restored competitiveness and profitability, aided by anticipated easing of inflation impacts by 2025.