Vinci posts robust performance for 2012
07 February 2013
France-based global contractor has Vinci posted a strong financial report for 2012 with growth across the board.
Revenue for the firm achieved €38.6 billion, up 4.5% on 2011 figures, with 37% of total revenue generated outside France.
Net income also showed slight growth, up 0.7% to €1.9 billion. Vinci’s backlog also posted healthy growth, up 2% over 12 months to total €31.3 billion.
Looking ahead, Vinci said that the economic climate was expected to remain difficult in 2013, especially in Europe.
However, its contracting division has started the year with a very healthy order book in France, with the high-speed rail line project between Tours and Bordeaux, and worldwide.
Despite this, the group is expecting business to be flat in 2013.