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| Vinci achieves sound performance in 2010 French construction firm Vinci said its fourth quarter 2010 consolidated revenue amounted to €9.6 billion, up 14.8% against the fourth quarter 2009. This growth reflects the positive impact of acquisitions made in 2010 (Cegelec and Faceo by Energies; Tarmac by Eurovia), which represented additional revenue of about €1 billion for the quarter. On a comparable structure basis, revenue rose 1.8% over the quarter, thanks to organic growth in both concessions (+3.7%) and contracting (+0.9%). This sound performance was achieved despite fuel shortages in France in October and then by the difficult weather conditions in Europe, that particularly affected VINCI Autoroutes and Eurovia. In France, business on a comparable structure basis increased 2.7%, while remaining stable (+0.3%) elsewhere. Vinci's consolidated annual revenue amounted to €34.8 billion, up 9% on the 2009 figure. It benefitted from the positive effects of external growth (+7.9%) and exchange rate fluctuations (+1.3%). Business remained virtually unchanged (-0.2%) on a comparable structure basis. Concessions revenue rose 4.6% (+3.8% on a comparable structure basis) to €5.1 billion, due mainly to VINCI Autoroutes (+4.0%). Revenue generated by the contracting business lines (Energies, Eurovia, Construction) was driven by external growth and increased 9.6% to €29.5 billion. On a comparable structure basis, business was slightly off (-1.1%) compared with 2009. write your comments about the article :: © 2011 Construction News :: home page |