COLAS : Robust growth for first half-year 2008
07/28/2008| 12:46pm US/Eastern
PR Newswire/Les Echos/
Boulogne, July 2008, 2008
Robust growth for first half-year 2008
Revenue as of June 30, 2008: 5.6 billion euros (+14.3%)
(in millions of euros)
1st half year 1st half-year Variation Reminder
2008 2007 08/07 2007
Revenue 5,631 4,925 14.3 % 11,673
France 3,537 3,149 12.3 % 6,976
International 2,094 1,776 17.9 % 4,697
Colas has recorded a good first half-year 2008, marked by robust growth in activity
throughout practically all of its businesses. As of June 30, 2008, consolidated revenue totaled
5.6 billion euros compared to 4.9 billion euros at the end of June 2007, up 14.3% (+ 10.3 %
with identical exchange rates and scope of business).
Revenue in France at the end of June 2008 rose 3.537 billion euros, a 12.3% increase
compared to the end of June 2007.
- In mainland France, revenue at the end of June 2008 amounted to 3.3 billion
euros, a 12.5 % rise compared to the end of June 2007 (+ 8.1 % with unchanged
scope of business). A great number of raw material price hikes (in particular
bitumen and energy) have contributed to this increase. Revenue in the regional
road subsidiaries is 7% higher than last year. Activity during the first half-year
remained buoyant, despite several regional disparities, thanks to the fact that
business got off to a quick start without any winter season slow-down. The non-
road related businesses have all posted strong growth with an increase of over 30%
compared to the end of June 2007, due essentially to the rail and waterproofing
- In the French overseas departments, revenue is up 10% thanks in particular to
strong business in building, public works and civil engineering on Reunion Island.
Revenue in the international subsidiaries as of June 30, 2008 amounted to 2.1 billion euros, a
nearly 18% increase compared to June 30, 2007 (+ 14% with identical exchange rates and
scope of business).
- Revenue in North America totaled 637 million euros compared to 707 million at the end
of June 2007 (- 0.7% with identical exchange rates and scope of business).
- In Europe, revenue rose 27% to 993 million euros compared to 780 million at the end of
June 2007 (17% with identical exchange rates and scope of business) with strong progress
in central Europe and good business in Belgium, Switzerland and Great Britain as well.
- Revenue throughout the rest of the world, notably Africa, the Indian Ocean and Asia,
totaled 464 million euros (289 million at the end of June 2007), recording a strong 60%
increase (42% with identical exchange rates and scope of business), boosted in particular
by business in Morocco, Madagascar and the acquisition of a new company in Australia.
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