The public works company Colas announces that the group’s order book reached a historic level of 14.1 billion euros in 2022, recording an increase of 9% compared to the previous year. A performance that reflects the solid momentum of the company on the national and international markets, despite an unstable economic context.
The growth of Colas’ order book was fueled by various factors. In mainland France, the order book increased by 6% over one year, mainly driven by rail activity. Internationally and overseas, the backlog increased by 10% over one year, now representing 75% of the company’s total order backlog.
Several key projects are associated with this growth, in particular the contracts won by Colas Rail, such as the Abidjan metro in Côte d’Ivoire, the agreements concluded within the framework of the South Rail Systems Alliance program in Great Britain, and the new maintenance contracts in Northern Europe.
Des perspectives positives
Revenue for the first half of 2023 amounted to €6.8 billion, an increase of 4% compared to the same period the previous year.
In France, first-half revenue reached €3.0 billion, while internationally it reached €3.8 billion. Europe, the United States, Canada and Asia-Pacific particularly drove the growth of international sales, with respective increases of 9%, 8% and 23% at constant scope and exchange rates.
Despite the economic challenges, the current operating profit from activities (ROCA) amounted to 127 million euros, recording an improvement of 29 million euros compared to the same period of the previous year. This improvement is attributed to the action plans implemented in 2022 to deal with inflation, while the results of the first half of 2022 had been affected by the increase in production costs.
In an environment marked by inflation and high interest rates, Colas is confident about its future prospects, and confirms its operational growth target for 2023.
CSR commitments
In terms of social and environmental responsibility (CSR), the subsidiary of the Bouygues group continues to be committed and recently developed the interactive and luminous pedestrian crossing Flowell, which received approval from the French Ministry of Transport, thus improving the safety of users in the public space.
The company also organized the tenth edition of Safety Week, mobilizing its 58,000 employees around the world around health and safety issues, in particular the prevention of collisions between machines and pedestrians. In terms of the environment, Colas dedicated a world day to the preservation of water resources and made its employees aware of climate issues through the “Climate Fresco” workshop.
Mary Gerald
Front cover photo: ©Adobe Stock
#Colas #records #historic #order #book
