Vinci announces steady growth on all fronts

26 October 2013

Vinci has announced a 4.7% increase in revenue year-to-date to September 30, 2013, at €29.5 billion in its third quarter results.

Its order book also showed slight growth, up 2% to €30.8 billion over the nine months, excluding the impact of the Tour to Bordeaux high-speed rail contract (SEA).

Contracting revenue increased 5.4% to €25.3 billion. Of that, €12.3 billion was generated by Vinci Construction (+10.3%), €6.7 billion by Vinci Energies (+5.1%) and €6.2 billion by Eurovia (-2.8%).

In its domestic market of France, Vinci saw revenue growth of 3.4% over the nine-month period to €18.5 billion, while international growth stood at 7.1%, with revenue of €11 billion. The company saw growth in Germany, Sweden, the UK, Asia, the Middle East and Oceania.

The third quarter saw consolidated revenue of €10.8 billion, up 5.5% on 2012 figures. Order intake for the quarter was €8.2 billion, representing a 2% growth year-on-year, taking the total orders for 2013 to €25 billion.

Looking ahead, Vinci said that the good third quarter results meant that previous forecasts for slight organic revenue growth remained.

In a further development, Vinci signed a €312 million contract to automate 31 dams on the Aisne and Meuse rivers in France. The 30-year contract covers the design, funding, construction and operation of the dams and equipment. Three of the dams will be equipped with micro-hydropower plants. The work will take more than six years to complete.

Latest News
Piedmont Hoist & Crane acquired
Following the purchase by Mazzella Companies, the North Carolina-based manufacturer will now operate as Mazzella Piedmont.
What are the newest boom trucks in North America?
Boom trucks fill an important market niche.
Epiroc completes purchase of autonomous mining company
Epiroc buys remaining share of OEM agnostic autonomous mining solutions company