VINCI Construction

Cours-de-Pile, France

VINCI Construction

Cours-de-Pile, France
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News Article | July 28, 2017
Site: globenewswire.com

Xavier Huillard, VINCI's Chairman and CEO, made the following comments: "Revenue growth in the first half of 2017 confirms the strong momentum shown by our motorway and airport concessions, together with improved business levels and order intake in Contracting. At VINCI Autoroutes, heavy vehicle traffic confirmed its upturn. At VINCI Airports, growth in passenger numbers remained very brisk across all airports, especially in Portugal and Cambodia. In Contracting, business levels visibly recovered both in France and abroad. Order intake is on the rise, and order books are growing for all three Contracting divisions. Building activities are being driven by a buoyant property sector. We have also won our first Grand Paris Express contracts. VINCI continued its international expansion during the period. VINCI Airports was awarded the concession to operate the Salvador airport in Brazil and has been selected as the preferred bidder for Kobe Airport concession in Japan. It has also strengthened its position in airport retail by acquiring a 51% stake in Lojas Francas Portugal (LFP). VINCI Highways confirmed its position as a major player in German motorway public-private partnerships by completing the financing of the A7-2 project. VINCI Energies strengthened its presence in Europe by finalising several acquisitions, including that of Novabase IMS in the ICT sector in Portugal. The Group also completed several refinancing transactions, reducing the cost and extending the maturity of its debt. Profitability continued to rise, with the Group generating net income of over €1 billion in the first half of 2017. Based on this good start to the year, and given the improving economic environment, VINCI is confirming its forecast for higher revenue and earnings in 2017. Together with this strong financial performance, 2017 will go down as the year in which the South Europe Atlantic high-speed rail line connecting Tours and Bordeaux came into service, one month ahead of the original schedule on 2 July. The Group has contributed all of its expertise to this exceptionally large project over the course of six years. It illustrates in the best possible way the wisdom of the integrated concession-construction model on which VINCI has based its development." VINCI's Board of Directors, chaired by Xavier Huillard, met on 27 July 2017 to finalise the financial statements for the six months ended 30 June 2017. The Board also approved the payment of a 2017 interim dividend of €0.69 per share, representing an increase of 9.5%. VINCI's consolidated financial statements for the first half of 2017 show an increase in revenue, along with growth in Ebitda[5], recurring operating income and net income attributable to owners of the parent. Consolidated revenue amounted to €18.5 billion, up 5.1% relative to the first half of 2016. This change was due to a 3.6% increase in revenue on a comparable structure basis[6], excluding a 1.7% boost from changes in the consolidation scope and a 0.2% negative currency effect. The main acquisitions affecting revenue were VINCI Airports' purchase of Aerodom and Aéroports de Lyon, VINCI Highways' acquisition of Lamsac and Pex in Peru in 2016, and VINCI Energies' purchase of Novabase IMS in Portugal in 2017. -        Concessions revenue totalled €3.2 billion, up 11.8% on an actual basis or up 5.7% on a comparable structure basis. The increase includes 3.7% revenue growth at VINCI Autoroutes. Revenue at VINCI Airports, meanwhile, jumped by 46% (up 14% on a comparable structure basis). Aerodom (integrated in April 2016) contributed €75 million of revenue and Aéroports de Lyon (integrated in November 2016) contributed €87 million. The sharp increase in revenue from other concessions was due to the integration of Lamsac and Pex, which contributed €42 million of revenue in the first half of 2017. -         Contracting revenue totalled €15.1 billion, up 2.8% on an actual basis or up 2.2% on a comparable structure basis. Business levels grew across the board, both within and outside France. VINCI Energies' revenue grew 2.0% on an actual basis and was stable on a comparable structure basis, Eurovia's rose 6.4% or 6.5% on a comparable structure basis and VINCI Construction's increased 1.5% or 1.9% on a comparable structure basis. -            In France, revenue amounted to €11.0 billion, representing an increase of 6.0% (4.8% at constant scope). -            Outside France, revenue totalled €7.5 billion, up 3.7% or 1.9% on a comparable structure basis. Revenue growth in the second quarter of 2017 was in line with that seen in the first. Second-quarter revenue rose 5% (3.7% on a comparable structure basis), including a 12.6% increase in Concessions (7.8% on a comparable structure basis) and 2.8% growth in Contracting (2.1% on a comparable structure basis). Ebitda rose 7.7% to €2.8 billion, equal to 15.2% of revenue (up 40 basis points relative to the first half of 2016), boosted by strong performance at both VINCI Autoroutes and VINCI Airports. Operating income from ordinary activities (Ebit) rose 9.5% to €1.9 billion, equal to 10.2% of revenue (9.8% in the first half of 2016). The Ebit margin improved to 47.5% in the Concessions business (47.2% in the first half of 2016) and remained stable at 2.3% in Contracting. At VINCI Autoroutes, Ebit amounted to €1,264 million (€1,205 million in the first half of 2016), up 4.9%. Its Ebit margin rose from 51.0% in the first half of 2016 to 51.5%. Ebit at VINCI Airports totalled €269 million, equal to 40.5% of revenue compared with 35.3% in the first half of 2016. The stable Ebit margin in the Contracting business reflected unchanged figures at VINCI Energies (5.5%) and at VINCI Construction (1.4%), along with a 40-basis-point improvement at Eurovia due to reduced seasonal losses. Recurring operating income - which includes the impact of share-based payment expense (IFRS 2), the Group's share in the income or loss of companies accounted for under the equity method and other recurring operating income and expense - was €1,853 million, up 8.9%. Net income attributable to owners of the parent amounted to €1,030 million, up 11.9% relative to the first-half 2016 figure (€920 million). Earnings per share[7] amounted to €1.84, up 12.0% (€1.65 in the first half of 2016). Operating cash flow (excluding growth investments in Concessions) was stable year-on-year at €0.4 billion. The seasonal increase in working capital requirement was €1.1 billion in Contracting, the same as in the first half of 2016. Net financial debt at 30 June 2017 was €15.5 billion, up €1.2 million year-on-year and up €1.6 billion relative to 31 December 2016. The increase in debt levels in the first half of 2017 was primarily due to seasonal movements in the operating cash position. The Group's liquidity amounted to €8.5 billion, comprising €2.5 billion of managed net cash and €6 billion of undrawn confirmed credit facilities expiring in 2021. At 30 June 2017, the Group had 593 million shares in issue, of which it held 6.5% in treasury. Operating performance: good momentum in Concessions and improvement in Contracting After declining by 0.8% in the first quarter of 2017, partly because of calendar effects, traffic levels at VINCI Autoroutes rebounded 4.5% in the second quarter, with light-vehicle traffic rising 4.9% because of Easter weekend falling in April, while May contained two additional long weekends compared with 2016. Heavy-vehicle traffic continued to grow, rising 2.4% despite three fewer working days relative to the second quarter of 2016. Over the whole six-month period, traffic on VINCI Autoroutes' network increased 2.2% (light vehicles up 1.9%; heavy vehicles up 3.7%). Passenger numbers at VINCI Airports continued to grow rapidly, with a 14.1% increase in the second quarter of 2017 and 12.8% growth over the six-month period. There were very strong performances in Portugal, where passenger levels rose 19.9%, and in Cambodia, where they increased by 23.2%. Passenger numbers remained buoyant at French airports, particularly in Lyon (up 8.2%) and Nantes (up 12.6%). They also rose at airports in the Dominican Republic (7.1%), in the Kansai region of Japan (7.6%) and at Santiago de Chile (9.9%). Order intake continues to rise in the Contracting business. Over the first half of 2017, it totalled €18.5 billion, up more than 9% compared with the first half of 2016, with 10% growth in France and 7% in international markets. All business lines showed progress: VINCI Energies up 12%, Eurovia up 10% and VINCI Construction up 7%. The order book at 30 June 2017 came to €30.7 billion, up 5% over 12 months, including an 8% increase in France and 2% outside France. In the first half of 2017, VINCI Immobilier recorded a sharp increase in the number of homes reserved (up 30% to almost 3,100 units) and in the number of units covered by notarised deeds. Revenue grew in both the residential and commercial segments. In the first half of 2017, the Group won several major contracts: Since 30 June, further new contracts not yet included in the order book have also been announced: VINCI has carried out several successful financing transactions since the start of 2017. In total, VINCI has raised €4.9 billion of debt over the last 15 months, with an average maturity of nine years and an average interest rate of around 1%. VINCI's strong performance in the first half of 2017 confirms management's previous forecasts for the year as a whole, which include increases in revenue, operating income and net income. In Contracting, 2017 will be the year when growth turns positive again in France. Outside France, the picture is mixed, with business levels in some geographic regions still being restricted by low oil and commodity prices. Revenue will continue to rise at VINCI Autoroutes, but to a lesser extent than in 2016, due to the high base for comparison. VINCI Airports' revenue is expected to grow by more than 25% and will include the full-year impact of acquisitions made in 2016 (Aerodom and Aéroports de Lyon). A 2017 interim dividend of €0.69 per share, up 9.5% on last year's interim dividend, will be paid in cash on 9 November 2017 (ex-date: 7 November 2017). This press release is available in French and English on VINCI's website at www.vinci.com. The slide presentation of the first half 2017 financial results and the half-year financial report at 30 June 2017 will also be available on VINCI's website before the press conference. About VINCI VINCI is a global player in concessions and construction, employing almost 185,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI's ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com 1        In application of IFRIC 12 "Service Concession Arrangements". 2        Percentage based on revenue excluding concession subsidiaries' works revenue. 3        After taking account of dilutive instruments. APPENDIX C: OTHER INFORMATION BY BUSINESS LINE * Cash flow from operations before tax and net financing costs. ** Excluding concession subsidiaries' works revenue.    Operating income from ordinary activities (Ebit) by business line * Excluding concession subsidiaries' works revenue. ** Not representative of full-year performance due to seasonal nature of business. Change in VINCI Autoroutes' revenue for the first half of 2017 1 Data at 100%, irrespective of percentage held. 2  2017 and 2016 data including full-year airport traffic. 1 Data at 100%, irrespective of percentage held. 2 2017 and 2016 data including full-year airport commercial movements. [1] Excluding concession subsidiaries' revenue derived from works carried out by non-Group companies. [2] Excluding non-recurring changes in deferred tax. Including non-recurring changes in deferred tax, net income attributable to owners of the parent in 2016 was €2,505 million or €4.48 per share. [5] Cash flow from operations before tax and financing costs. [6] Comparable structure basis = at constant scope and exchange rates: impact of changes in scope neutralised by removing from the 2017 data companies that joined the Group in 2017 and removing from the 2016 data companies that left the Group in 2016 and 2017, while including the full-year figures of companies joining the Group in 2016. Currency effect neutralised by applying 2017 exchange rates to 2016 foreign currency revenue.


LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global smart highway construction market 2017-2021 report. This market research report also lists 14 other prominent vendors that are expected to impact the market during the forecast period. According to the report, the smart highway construction market will grow at an exponential rate and post a CAGR of almost 94% by 2021. The vendors in this market can expect significant market growth in the coming years since governments worldwide are looking for effective solutions to reduce traffic congestion and road traffic accidents. “The major growth driver for the global smart highway construction market is the development of industrial and economic corridors. For example, the government of India plans to develop an industrial economic corridor between Delhi and Mumbai. Such projects will generate demand for the construction of smart highways in the coming years,” says Gaurav Mohindru, a lead research analyst at Technavio for construction research. Vendors in the market are likely to grow during the forecast period as more smart highway projects proposals gain momentum worldwide. Furthermore, the growth of urban population is already taking its toll on the current road infrastructure due to the surge in the number of vehicles on the road, leading to traffic congestion especially in densely populated cities such as Mumbai, London, New York, and Barcelona. To counter such challenges, smart highway constructions are likely to increase globally, driving the growth of the global smart highway construction market. Looking for more information on this market? Request a free sample report Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Continental Engineering builds projects such as condominiums, civil infrastructure, offices, high-rise buildings, hospitals, and factories. The civil work of the project includes the construction of an eight-lane expressway on the outer ring road in Hyderabad, India. Heijmans was among the first construction companies to include smart highway construction in its portfolio. It also develops property, residential buildings, and roads. The company is active in the Netherlands, Belgium, and Germany. Nippon Koei is a leading international engineering consultant. The company has branches in Kenya, Philippines, India, Jordan, Brazil, Vietnam, Panama, Thailand, Myanmar, Peru, and Mozambique. The scope of its work in the smart highway construction projects such as the Hyderabad Outer Ring Road included civil works, designing, planning, and scheduling. Transstroy is a successor to the Ministry of Transport Construction of the USSR (Union of Soviet Socialist Republics). It has a diverse portfolio with expertise in the field of railway, roadway, airfield, industrial, civil construction, and hydraulic engineering. VINCI Construction has a presence in many sectors in 100 countries around the world. It specializes in civil engineering works, structural work, and other construction-related departments. It is involved in the construction of the M4 Corridor to the south of the city of Newport, the UK. The scope of the project involves the construction of a 2.5-km long cable-stayed viaduct, two interchanges, and 36 structures. Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like unit operation, tools and components and engineering tools. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently. Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at media@technavio.com.


The joint venture made up of VINCI Construction, lead company, associated with Spie batignolles, wins a major contract on Line 15 South of the future Grand Paris Express transport network The joint venture made up of VINCI Construction, associated with Spie batignolles has won a major Grand Paris Express contract. Société du Grand Paris selected the bid submitted by this joint venture to build the T3C section of Line 15 South between the Fort d'Issy-Vanves-Clamart and Villejuif Louis Aragon stations. The €926 million pre-tax price covers construction of a tunnel with a length of more than 8 kilometres by means of two 10 metre diameter earth pressure balanced tunnel boring machines. It also includes construction of five new stations (Châtillon Montrouge, Bagneux, Arcueil-Cachan, Villejuif Institut Gustave Roussy and Villejuif Louis Aragon) and eight shafts. The project will take 70 months to complete. A large project in an urban environment The T3C section is an outsized project calling for substantial logistics. It will involve two 10 metres diameter earth pressure balanced tunnel boring machines operating simultaneously, removal of 3.2 million tonnes of spoil and placing of more than 470,000 m3 of concrete. The Villejuif Gustave-Roussy station, whose architecture and dimensions (65 metres diameter, 42 metres depth) epitomize the section, will connect Line 15 South and Line 14 South. Innovative, ambitious social measures At peak activity, the project will include nearly 900 people. Extensive steps will be taken to train and induct the long-term unemployed. Support for this work integration programme will be provided by the ViE structure (VINCI insertion Emploi), which VINCI set up in 2011 to help Group subsidiaries carry out such measures. Lastly, an endowment fund, "Chantiers et Territoires Solidaires", has been created to support public interest projects in the vicinity of the worksites. Spie batignolles is strongly committed to the integration of members of underprivileged communities, notably through the Fondation Spie Batignolles. On this occasion, VINCI Chairman and Chief Executive Officer Xavier Huillard said: "We are very proud to have won this major contract with our partner. The Grand Paris Express project is strategically important for the future and the economic development of the Greater Paris area. It will create jobs, open up regions and release energies. The Group will bring its expertise to this ambitious undertaking over the next 20 years. The project is a huge technical and also human challenge." "The Spie Batignolles Group, which has already won a number of Grand Paris contracts, once again demonstrates the quality of its teams and expertise in taking on major infrastructure projects," says Jean-Charles Robin, Chairman of the Spie Batignolles Executive Board. "The Group's wide range of business activities and ability to bring its entities together to work in synergy enable Spie Batignolles to take on projects requiring project coordination and state-of-the-art technical expertise." VINCI is a global player in concessions and construction, employing more than 183,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI's goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large. About Spie batignolles Spie batignolles, a large French construction and services group, is a major player in building and civil engineering with 6,500 employees. It operates in six main areas of expertise: construction; civil engineering and foundations; energy; public works; property; and concessions. The Group manages large construction projects and also delivers local repair and maintenance works through its nationwide network of dedicated locations. Spie batignolles leads its markets in terms of customer relationships and delivers a one-of-a-kind array of construction services. Spie batignolles has all the resources needed to manage its own growth as a completely independent entity: since September 2003, majority control of the Group has rested with its senior management team together with Ardian and Salvepar.


AIX EN PROVENCE, Frankrijk, December 20, 2016 /PRNewswire/ -- Vandaag kondigden VINCI Construction, een internationaal aannemingsbedrijf en grote Europese speler in de bouw, en Sunpartner Technologies, de Franse innovator en specialist op het gebied van zonne-energie, een nieuwe 50/50...


PARIS, December 20, 2016 /PRNewswire/ -- VINCI Construction, acteur mondial et leader européen de la construction, et Sunpartner Technologies, spécialiste français de l'innovation solaire annoncent la création d'une joint-venture (50%/50%) et lancent aujourd'hui « horizon », une...


AIX EN PROVENCE, Francia, December 20, 2016 /PRNewswire/ -- VINCI Construction, gigante dell'edilizia europea e aggiudicatario di appalti internazionali, e Sunpartner Technologies, azienda francese specializzata nell'innovazione in campo di energia solare, hanno annunciato una nuova...


AIX EN PROVENCE, Francia, December 20, 2016 /PRNewswire/ -- VINCI Construction, gigante dell'edilizia europea e aggiudicatario di appalti internazionali, e Sunpartner Technologies, azienda francese specializzata nell'innovazione in campo di energia solare, hanno annunciato una nuova...


AIX EN PROVENCE, Frankreich, December 20, 2016 /PRNewswire/ -- Der europäische Bauriese und internationale Auftragnehmer VINCI Construction und der französische Solarinnovationsspezialist Sunpartner Technologies gaben ein neues 50/50 Joint Venture bekannt und führten ein neues...


AIX EN PROVENCE, France, December 20, 2016 /PRNewswire/ -- Today, European construction giant and international contractor VINCI Construction and French solar innovation specialist Sunpartner Technologies announced a new 50/50 joint venture and launched a new connected smart glass...


AIX EN PROVENCE, France, December 20, 2016 /PRNewswire/ -- Today, European construction giant and international contractor VINCI Construction and French solar innovation specialist Sunpartner Technologies announced a new 50/50 joint venture and launched a new connected smart glass...

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