Earnings release
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EIFFAGE The first half of 2021 marked a return to growth after the impact of the health crisis in 2020 . Buoyed by a historically high order book at the end of 2020 and with a proven work organisation that integrates the health constraints , Contracting was able to return to growth and record higher revenue than in 2019. Concessions activities continued to be impacted by travel restrictions , but to a lesser extent than in 2020 due to the economic recovery . The Group's results for the first half of the year thus increased significantly in both Contracting and Concessions . ● Free cash flow , which is traditionally negative in the first half , was close to zero this year , thanks to the strong cash position of Contracting and despite continued growth investments in Concessions . As a result , the Group was able to significantly reduce its net debt over one year and Eiffage SA has a high level of liquidity at 30 June 2021 . Return to revenue growth : + 25.8 % / 2020 , + 1.9 % / 2019 Significant increase in net profit attributable to owners of the parent , to € 260 million versus - € 8 million in 2020 ( € 290 million in 2019 ) Press Release Results for the first half of 2021 ● Solid financial position : net debt * down by € 0.7 billion over one year and Eiffage SA's liquidity up by € 0.3 billion over one year to € 4.9 billion Outlook for 2021 : Contracting activity expected to increase significantly compared with 2020 , slightly higher than in 2019 Key figures Concessions still affected by travel restrictions but to a lesser extent than in 2020 Group results expected to increase significantly in millions of euros Revenue Operating profit on ordinary activities Operating margin * Net profit attributable to the owners of the parent Free cash flow * Net financial debt ( in € bn ) * Order book ( in € bn ) * APRR traffic ( all vehicles ) * : see glossary 2019 8,535 836 9.8 % 290 ( 135 ) 10.7 14.9 Vélizy - Villacoublay , 25 August 2021 17:40 First half 2020 6,918 262 3.8 % ( 8 ) ( 373 ) 10.9 17.1 2021 8,700 679 7.8 % 260 ( 11 ) 10.2 16.6 Change 2021/2020 + 25.8 % +417 +268 +362 -0.7 -3 % + 19.4 % Change 2021/2019 + 1.9 % -157 -30 +124 -0.5 + 11 % -17.1 %