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| Vinci Reports First Quarter 2006 Consolidated Revenue of 5 Billion French construction group Vinci generated consolidated revenue of 5 billion during the first quarter of 2006, representing a 12.8% increase over the same period in 2005. The figure includes 137 million in revenue from Autoroutes du Sud de la France (ASF), consolidated from 10 March 2006 following Vinci's acquisition of the French government's 50.4% holding in that company. Excluding the impact of ASF, consolidated revenue rose 9.7% (9.1% in France and 10.9% elsewhere). In France, revenue amounted to 3.3 billion, up 13.9% over the first quarter of 2005 (9.1% excluding ASF). Brisk business continued at Vinci Construction (up 7%), and there was strong growth at Vinci Energies (13.2%) and Eurovia (18.4%). Excluding ASF, Vinci Concessions' revenue increased by almost 11%. Outside France, revenue rose 10.9% to 1.7 billion, representing 34.1% of total revenue (35.1% excluding ASF's contribution). This growth is attributable mainly to the good level of business generated by non-French construction subsidiaries. Overall, VINCIs order book (excluding the concessions division) amounted to more than 17.5 billion at 31 March 2006. Up 10.5% for the quarter and 18% over 12 months, it represents 10.6 months of average business activity for the divisions concerned (construction, roads and energy), compared with 10 months the previous year. write your comments about the article :: © 2006 Construction News :: home page |