Vinci revenues rise

07 November 2011

French contractor Vinci reported consolidated revenues for the nine months to 30 September of €26.9 billion, up 6% on a comparable structure basis compared to the same period in 2010.

In contracting - the company's largest business division in terms of sales - revenues increased 6.6% year-on-year on a comparable structure basis to €22.9 billion. The figure was boosted by solid growth from the construction segment, where revenues increased 7.7% to €10.3 billion for the nine-month period.

Eurovia, the transport segment, also recorded growth, with revenues increasing 6% compared to the nine months ended 30 September, 2010, to €6.3 billion, while energy revenues were up 5.6% to €6.2 billion.

Meanwhile, Vinci's concessions business division reported revenues for the nine-month period of €4 billion, up 4.3% compared to 2010.

Overall, revenues generated in the company's domestic French market stood at €17.6 billion, up 8% year-on-year, while the contribution from international revenues increased by 3% to €9.7 billion.

"Despite the troubled economic climate, commercial activity was very vigorous, and group companies won a number of new domestic and international contracts," Vinci said. Its order book stood at €30 billion at the end of September, up 16% since 1 January this year.

Vinci said the positive nine-month results had reinforced its full-year revenue growth forecast of 7%.

Latest News
10 management software systems for your rental company
Rental management software has evolved to meet the needs of every size and type of equipment rental company
Report reveals sustainability surge: 73% of contractors already implementing practices
Survey of approximately 13,000 construction professionals reveals what sectors are embracing sustainability
McGovern adds Liebherr MK 140-5.1 crane
UK crane rental specialist takes delivery of a new mobile folding construction crane from Liebherr GB