Vinci reports healthy first half figures
By Steve Skinner01 August 2008
Vinci reported revenues of € 15,7 billion for the first half of the year, a +15% rise on the same period in 2007. After reporting robust first quarter figures earlier this year, the company continued brisk trading in the second quarter to record a +13,2% increase in second quarter sales over the same period in 2007. The second quarter saw contracting sales rise +5,9%, while revenues from concessions were up +3,5%.
Comparing half year figures against the same period of 2007, revenues in France increased by +9,2% to € 10,1 billion, whilst outside of France the company saw a +27% increase in sales to € 5,6 billion.
In Vinci’s construction business, the company reported first half sales of € 7,5 billion, a +24% increase on the same period in 2007. Geographically, sales were split between a € 4 billion contribution from activities in France and a € 3,5 billion from outside of France. These figures represent respective increases of +16% and +35% on the same period in 2007.
Vinci Construction’s order book at 30 June, 2008 totalled € 15 billion, up +5% from 31 December, 2007.