Vinci charts stable path
31 July 2014
Vinci has enjoyed a stable start to the year, with its first half results remaining largely comparable with 2013 figures, with the exception of net income, which spiked 76.9% to €1.3 billion as a result of a 75% share offering in its parking lot business, Vinci Park.
Consolidated revenue amounted to €18.5 billion, down 1.3% on 2013 figures. Concessions revenue increased 10.7% over 2013 to achieve €2.9 billion, while contracting revenue, including Vinci Construction, stood at €15.6 billion, a marginal 0.1% growth on 2013.
In France, revenue declined 1% to €11.7 billion, while internationally revenue rose 2.9% to €6.8 billion and represented 36.7% of the group’s total revenue.
Contracting’s first-half 2014 order intake declined 3.9% to €15.7 billion compared with the first half of 2013. In France, business remained flat, but internationally order intake included several significant contracts won in the US and Qatar.
The order book at 30 June, 2014, stood at €29.6 billion, slightly up at 0.5%.
