STOCKS NEWS EUROPE-Eiffage sags on weak sales

Mon Nov 9, 2009 9:09am GMT
 
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Shares of Eiffage (FOUG.PA) fall 1.5 percent, underperforming the DJ STOXX construction index .SXOP which is up 0.9 percent, after the public works group reports lower-than-expected quaterly sales.

"Organic sales are down and we expected a small rise. The order book reveals a strong decline, although not surprising", CM-CIC analysts write in a note.

Eiffage shares are flat so far this year, falling behind a 29 percent rise in the construction index over the same period.

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