|
contents | business | |||||||||
| Vinci reports first quarter revenue up 16.7% to €6.1 billion  France-based Vinci generated consolidated revenue of €6.1 billion during the first quarter of 2007, representing a 16.7% increase over pro forma revenue for the first quarter of 2006. This performance is due mainly to the organic growth of the group's business lines in both France and international markets. In France, revenue increased 16.3% to €4.2 billion. Growth at Vinci Construction and Eurovia was particularly strong, at 19% and 21% respectively. Vinci Energies and Vinci Concessions also performed very satisfactorily, achieving 11% and 10% growth respectively.Outside France, revenue rose 17.7% to €1.9 billion and represented 31.3% of total revenue. The growth is attributable mainly to the very high level of sales generated by Vinci Construction's foreign business operations. At 31 March 2007, the group's order book stood at over €19 billion, up 8.3% for the quarter and more than 10% over 12 months. It represents 10.6 months of average business activity for the business lines concerned (construction, roads, energy). Based on the strong increase in revenue for the quarter and the fact that the order book has been maintained at a very high level, it is possible that Vinci will raise its 2007 growth targets. Vinci's shareholders meeting will start at 11 a.m. on Thursday, 10 May, at the Olympia (28 boulevard des Capucines, 75009 Paris). write your comments about the article :: © 2007 Construction News :: home page |