Vinci feels Q3 strain

By Joe Malone26 October 2016

French contractor Vinci has announced a year-on-year decrease of 2% in its revenues for the first nine months of the year.

The company recorded group revenues of €27.63 billion, while its construction sector saw revenues of €9.78 billion, which represents a fall of 8.4% for the comparable period.

Vinci said its construction sector suffered due to the situation in the French construction market, while outside of France, low oil and gas prices affected the company’s subsidiaries such as Entrepose and Sogea-Satom.

Each of the company’s contracting sectors – Vinci Energies, Eurovia and Vinci Construction – recorded declines for the first nine month of the year, while its concessions sector – Vinci Autoroutes, Vinci Airports and other concessions – all saw increases.

Vinci’s net financial debt marginally improved, sitting at -€13 billion, compared with last year’s -€13.2 billion. The company’s order book, however, fell marginally to €27.9 billion, down from €28.5 billion for the first nine months of 2015.

Vinci said that the market in France was stabilising in contracting, but remained uncertain in various regions of the world depending on oil prices, while the competitive environment “remained tough”.

It added that it expected a slight revenues decrease for 2016, while its operating income should increase.

Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
COMMENT: Are we at the beginning of a golden decade in German construction?
Peter Gerstmann, chairman of the board of management of the Zeppelin Group discusses growing opportunities for the German construction sector
Can hydrogen engines turn construction green?
Hydrogen combustion engines move to centre stage as construction aims for zero emissions
How electrification is heating up race to meet emissions targets
The move to electric-driven access equipment seems inevitable but the journey is not necessarily straightforward.
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail:
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: