Fayat Group sees strong performance

The Fayat Group is benefiting from a strong performance with turnover reaching €4.6 billion for 2021. This represented an increase of 12.5% over the figures from 2020, showing a return to the level of turnover last seen in 2019, before the pandemic.

By Mike Woof February 18, 2022 Read time: 1 min

The Fayat Group is benefiting from strong financial performance. Pictured is a Marini Master Tower asphalt plant

However, operating profit for 2021 reached €235 million, a healthy increase of 39% from the figures for 2019 and a jump of 80% over the results for 2020. Net income for 2021 was €140 million, compared with €71 million in 2020. Shareholder equity grew to €1.5 billion, a jump of 11.4% compared with 2020.

The company has a presence in 170 countries worldwide and has a total workforce of 21,666 but relies heavily on the French market, which was responsible for 61% of its total turnover in 2021.

The Fayat Group has further widened its portfolio with the addition of the Italian sweeper business, Dulevo International, to its Road Equipment division and French integration and digital flow firm, NXO, to its Energy Services division.

The performance of its contracting operations and other segments of its Road Equipment business, such as the Marini asphalt plant operation, has also been extremely strong.

Asphalt Plants, Equipment & Applications

For more information on companies in this article

Fayat Group

Cummins reports strong financial performance for 2022

Cummins is reporting strong performance for its fourth quarter and full year 2022. Revenues for the fourth quarter were US$7.8 billion. Excluding Meritor, the acquisition of which was completed on August 3, 2022, revenues was $6.6 billion, 13% higher than the same quarter in 2021. Excluding Meritor, sales in North America increased by 25%, and international revenues decreased by 1% compared to the fourth quarter of 2021. But strong demand across all global markets was offset by a market slowdown in China and Russia, where operations have been suspended indefinitely.

April 20, 2021

Liebherr’s results hit by the pandemic

Despite the downturn in business caused by the global pandemic, liebherr has continued to invest in research and development and particularly into alternative drivetrain systems such as electric power for extraction and piling machines

November 9, 2020

Liebherr retains positive business outlook

German construction machinery manufacturer Liebherr reports steady demand for equipment, despite the current pandemic. This comes against the backdrop of slightly weaker growth on global markets.