The giant French construction saw its net profit leapt by 11.9% in the first half of 2017.
The group’s CONSTRUCTION and concessions, Vinci published Friday 28 July, a net profit up 11.9% to 1.03 billion euros in the first half, and confirmed to count on an increase of its turnover and its earnings in 2017. From January to June, the sales stood at 18.5 billion euros, an increase of 5.1% year on year, said a press release.
Acquisitions have inflated the turnover, specifies the group : those in 2016 Aerodom and the Airports of Lyon by Vinci Airports, the company Lamsac-Pex in Peru by Vinci Highways, and in 2017, Novabase IMS Portugal by Vinci Energies. On A comparable basis, the increase is 3.6%.
“Recovery of the visible activity in France and internationally”
“The evolution of the activity of the group for the first half of 2017 confirms the dynamism of our motorway concessions and airport and a resumption of activity and order intake in the +contracting+”, “comments Xavier Huillard, CEO of Vinci, quoted in the press release. This semester is marked, in the pole “contracting”, for a “resumption of activity visible in France as well as internationally”, while “new orders are rising, and the books in progress for the three divisions of the branch”, he says. Vinci Energies, a subsidiary Eurovia and Vinci Construction, which form the branch of “contracting”, displayed a activity, an increase of 2.8% in the first half, to € 15.1 billion.
For its part, the construction activity is “driven by the dynamism of the real estate sector” and the group won the first contracts related to the Grand Paris Express. Vinci Immobilier has seen its business grow by 46.4% to € 388 million.
The group expects to increase its turnover by 2017
Finally, in the first half, the concessions division, which was highly profitable, has a strong 11.8% growth of its turnover, to € 3.2 billion. In his breast, that of Vinci Airports jumped by 46%, to 664 million euros, while the turnover of Vinci Autoroutes rose 3.7 percent to 2.45 billion. Strong profitability in progression and in a”business environment improvement”, Vinci confirms its outlook of a “rise”in non-encrypted of its turnover and of its results this year.