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| VINCI: 2005 CONSOLIDATED REVENUE Rueil-Malmaison, 31 January 2006 - 2005 full-year revenue up 10% at €21.5 billion - Sustained level of activity in the 2005 fourth quarter, both in France and abroad - Order book: record level at 31 December 2005 (€15.8 billion, up 14% over 12 months) and very good visibility over 2006 VINCI’s 2005 consolidated revenue amounted 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. Despite the high level attained in 2004, business continued to grow at a good pace in the fourth quarter, with an overall increase of 9%. As in the previous quarters, the Roads and Construction business lines reported strong growth both in France and abroad. This good trend was mainly due to organic growth, with the positive effects of changes in consolidation scope and currency fluctuations accounting for only 2%. New acquisitions had a limited impact, of €380 million, partially offset by that of disposals for €100 million. In France, revenue increased by 9.6% to €13.3 billion (by 8.4% on a like-for-like basis). Outside France, revenue increased by 11% to €8.2 billion (by 8.2% on a like-for-like basis) and accounted for 38% of the total activity. ASF, in which VINCI had a 23% holding at 31 December 2005, is accounted for in the Group’s consolidated financial statements using the equity method. In consequence, its revenue, which amounted to €2.4 billion in 2005, is not included in the data on activity published by VINCI in respect of this period. write your comments about the article :: © 2006 Construction News :: home page |