« In 2018, our Group recorded an excellent economic performance, with our increase in turnover driven by the dynamism of our road operation and building engineering activities. The order intake for engineering is up by 15%. The combined efforts of our different business units helped to deliver a strong increase in our operating profits and our distributable net profit (excluding capital gains). Our solid financial position will enable us to look confidently towards a new phase of our development with high ambitions for growth. »
Nicolas Jachiet, Chairman and CEO of Egis.
The Group’s managed turnover this year reached €1.13 billion. Most of the growth (amounting to 7.6%) can be attributed to our road operation and fixed operating equipment activities and to our building engineering activities. The integration of OCACSA (a Mexican company specialising in the operation of toll-operated road infrastructure), acquired at the end of 2017, enabled us to subsequently win a major road operation project in Mexico. Another key achievement was the takeover of operations on the M40 motorway, one of the main highways in the West Midlands region of the United Kingdom. Furthermore, in engineering, the acquisition at the end of 2017 of 10 Design, an architecture and master planning consultancy based in Hong Kong, helped to reinforce our presence in Southeast Asia and contribute its top-level architectural skills to the Group.
The order intake for engineering amounted to €839 million, an increase of 15% in comparison to 2017. This represents more than one year of engineering turnover. The order book represents nearly 20 months of turnover, an increase on last year.
International business accounted for 63% of the Group’s total business activity. While business was slower this year in the Middle East due to the drop in oil prices, it nonetheless expanded in Europe, Asia and particularly in Latin America, specifically in Mexico thanks to the win of the Golfo Centro operating concession and the delivery of the highway’s fixed operating equipment.
In engineering, 46% of business was generated in France, the same proportion as in 2017.
Our EBITDA (profit before provisions, depreciation, financial expenses and tax) amounted to €89 million, up by €21 million compared with 2017.
Our Distributable Net Profit excluding capital gains increased by €13.7 million in comparison with 2017, reaching €28.9 million.
The Group made the following acquisitions in 2018:
Our outlook for the coming year is ambitious but realistic. We aim to increase our turnover, especially in engineering, with business expected to recover in the Middle East. We also have ambitious goals for Asia, which is facing significant urban development challenges.
Urban, suburban and inter-urban transport and sustainable city planning offer high growth potential.
Another key challenge is the fight against global warming, which for many years has been a focus of our R&D work and our innovation strategy. We offer solutions to our public and private sector clients that are solidly rooted in the real world and help to reduce current emissions to a minimum, improve carbon sequestration potential and guarantee better resilience of the communities we serve.
Finally, one absolute priority of our Group is the development of digital technology which will continue to profoundly transform our organisation and the very nature of our lines of business. By 2020, BIM will be used in nearly 90% of our design activity, across all sectors.