Vinci announces steady growth on all fronts

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.