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| Vinci has very good visibility for earnings in 2006 Vinci SA, the world's biggest builder, said full year sales rose to €21.5 billion, a 10% increase against 2004 (€19.5 billion). Whereas in recent years the growth in Vinci’s activities was driven by the French market, this year activity increased in a comparable manner in France and abroad. New acquisitions had a limited impact, of €380 million, partially offset by that of disposals for €100 million. As for construction: €9, 371 million (+13.1% actual; +11.9% like-for-like) In France, Vinci Construction’s revenue was €5.4 billion, an increase of 14.2% (12.5% at constant consolidation scope). Following a first half that saw very strong growth, business remained brisk in the second half of the year, but with a more moderate rate of growth. The network of Sogea Construction and GTM Construction enterprises, firmly based across the territory, benefited from growing markets, both in the Paris region and the rest of France, with in particular continuing strong demand in the building sector and prospects of new large-scale infrastructure projects. Business was also particularly dynamic in French overseas territories. Outside France, revenue was up by 11.7% (11.2% like-for-like) at nearly €4 billion. This good performance reflects the strong growth booked in Central and Eastern Europe and by Norwest Holst in the United Kingdom. The Belgian subsidiary CFE booked revenue of €935 million, up 13%, reflecting the good prospects of its dredging subsidiary Deme. Vinci Construction’s order book at 31 December 2005, up by more than 14% over 12 months, set a new record of €10.1 billion, which represents 13 months’ average activity for this division. The order books of Vinci Construction, Eurovia and Vinci Energies taken together stood at €15.8 billion at 31 December 2005, an increase of more than 14% in one year. write your comments about the article :: © 2006 Construction News :: home page |