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| Vinci reported consolidated revenue of €11.7 billion For the first half of 2006, Vinci generated consolidated revenue of €11.7 billion, representing an increase of 16.4% over the same period in 2005. This figure includes €812 million in revenue from Autoroutes du Sud de la France (ASF) and ESCOTA, fully consolidated from 10 March 2006 when Vinci assumed control. Excluding the impact of this consolidation, revenue grew by +8.3%. In France, revenue amounted to €7.7 billion, up 21.3% over the first half of 2005 (+8.6% excluding ASF and Escota). Brisk business continued over all business lines, with Eurovia (+14.2%) and Vinci Concessions (+12.9% excluding ASF and Escota) recording the strongest growth. Outside France, revenue rose 7.8% to €4 billion, representing 33.8% of total revenue. All business lines recorded growth with the exception of Vinci Energies, where business activity remained flat as a result of the divestment of TMS at the beginning of the year. Vinci's order backlog amounted to more than €17 billion at 30 June 2006. Up 10% for the half year and 14.5% over 12 months, it represents 10.4 months of average business activity for the divisions concerned; and in view of the favourable trend in concession activities, Vinci has excellent visibility for coming months. Against this favourable backdrop, the €25 million revenue forecast for the year as a whole will be exceeded. write your comments about the article :: © 2006 Construction News :: home page |