Vinci charts stable path

Vinci has enjoyed a stable start to the year, with its first half results remaining largely comparable with 2013 figures, with the exception of net income, which spiked 76.9% to €1.3 billion as a result of a 75% share offering in its parking lot business, Vinci Park.

Consolidated revenue amounted to €18.5 billion, down 1.3% on 2013 figures. Concessions revenue increased 10.7% over 2013 to achieve €2.9 billion, while contracting revenue, including Vinci Construction, stood at €15.6 billion, a marginal 0.1% growth on 2013.

In France, revenue declined 1% to €11.7 billion, while internationally revenue rose 2.9% to €6.8 billion and represented 36.7% of the group’s total revenue.

Contracting’s first-half 2014 order intake declined 3.9% to €15.7 billion compared with the first half of 2013. In France, business remained flat, but internationally order intake included several significant contracts won in the US and Qatar.