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Colas — Earnings Release 2008
Nov 10, 2008
1214_10-q_2008-11-10_c29fae80-56fd-45b1-8473-1422310bf6fc.pdf
Earnings Release
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Revenue up 11% during third quarter 2008 Revenue for first 3 quarters 2008: € 9.6 Bn (+ 12.9%)
Consolidated revenue for first 9 months 2008
| In millions of euros | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1st quarter | 2nd quarter | 3rd quarter | ||||||
| 2008 | 2007 | 2008 | 2007 | 2008 | 2007 | |||
| 2,189 | 1,908 | 3,442 | 3,017 | 3,983 | 3,591 |
| TOTAL 9 mos. 2008 |
TOTAL 9 mos. 2007 |
% 08/07 9 mos. |
% 08/07 With identical exchange rates and scope of business |
|
|---|---|---|---|---|
| France | 5,564 | 5,063 | 9.9% | 7.5% |
| International | 4,050 | 3,453 | 17.3% | 15.5% |
| TOTAL | 9,614 | 8,516 | 12.9% | 10.7% |
Revenue recorded during the third quarter 2008 amounted to nearly 4 billion euros, up 11% compared to third quarter 2007 figures. The increase stretches throughout the Group's network: France (6%), North America (7%), Europe (27%) and the rest of the world (26%). In addition, every line of business in the Group is posting revenue on the rise (Roads 12%, Civil engineering, pipes and mains 7%, Waterproofing 20%, Safety and signing 19%), exception made for the railway activity with a roughly 9% decrease.
At the end of September 2008, consolidated revenue totaled 9.6 billion euros, up 12.9% compared to figures from September 2007. With identical exchange rates and scope of business, revenue has increased 10.7%.
Work-on-hand at the end of September amounted to 6.6 billion euros, and remained at a high level despite the 5% drop compared to the record work-on-hand at the end of September 2007.
According to currently available data, the Group is maintaining its revenue target at 11.6 billion euros for the end of December 2008.