Delays in work on major transport infrastructure projects due to unfavourable weather conditions are said to have been the main cause of 184 Colas Group’s €19 million net loss in the first six months of 2012, compared to a €2 million net profit over the same six-months of 2011.
However, the leading French civil engineering firm specialising in road construction achieved a 4% increase in consolidated turnover to €5.6 billion between January 1 and June 30, 2012, against 5.4 billion over the same period the previous year.
Growth internationally, particularly in North America, Asia, Australia, and the Indian Ocean, is said by the Group to have helped offset a decline in activity in France.
In Europe, Colas Group sales totalled €600 million, down 5% on sales during the first half of 2011.
Sales in Central Europe are down 18% due, according to the Colas Group, to the low level of public investment in economies in recession.
In contrast, North America sales of €800 million in the first six months of 2012 are up 22% compared to the same period the previous year.
Rest of world sales amounted to €700 million, up 16% compared to the first half of 2011. Colas Group said the decline in sales in overseas departments had been largely offset by growth in Africa and the Indian Ocean, with even stronger growth in Asia and Australia.
On the basis of currently available data, Colas Group said its sales objective for the 2012 fiscal year was €12.7 billion.
Meanwhile, the Group said its work backlog of €7.9 billion after the first six months of 2012 was 9% above levels at June 30, 2011.
However, the leading French civil engineering firm specialising in road construction achieved a 4% increase in consolidated turnover to €5.6 billion between January 1 and June 30, 2012, against 5.4 billion over the same period the previous year.
Growth internationally, particularly in North America, Asia, Australia, and the Indian Ocean, is said by the Group to have helped offset a decline in activity in France.
In Europe, Colas Group sales totalled €600 million, down 5% on sales during the first half of 2011.
Sales in Central Europe are down 18% due, according to the Colas Group, to the low level of public investment in economies in recession.
In contrast, North America sales of €800 million in the first six months of 2012 are up 22% compared to the same period the previous year.
Rest of world sales amounted to €700 million, up 16% compared to the first half of 2011. Colas Group said the decline in sales in overseas departments had been largely offset by growth in Africa and the Indian Ocean, with even stronger growth in Asia and Australia.
On the basis of currently available data, Colas Group said its sales objective for the 2012 fiscal year was €12.7 billion.
Meanwhile, the Group said its work backlog of €7.9 billion after the first six months of 2012 was 9% above levels at June 30, 2011.
