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| Vinci's consolidated revenue rises 20%  Vinci's consolidated revenue for the first nine months of 2006 amounted to €18.4 billion, up 20% against the same period last year. This includes revenue of €1,630 million of ASF and Escota, which have been fully consolidated since 10 March 2006, when Vinci acquired control of those companies. Excluding ASF and Escota, revenue growth was 9.4%. Business was brisk in the third quarter, in particular at Eurovia and Vinci Construction, with an overall increase of 25% (or 10.5% excluding ASF and Escota).In France, revenue for the first nine months was €12.2 billion, up 26.5% (or 9.6% excluding ASF and Escota) and accounted for 66.3% of total revenue. Outside France, revenue was €6.2 billion, up 9.1%. Apart from Vinci Energies, where activity levels remained stable following the disposal of TMS at the beginning of the year, all business lines saw marked increases. At the end of September 2006, the order book stood at €18 billion, up by 18% over twelve months and by 14% since the beginning of the year. Orders represented 10½ months' average activity for the Construction, Roads, and Energies business lines. Vinci has excellent visibility not only over the last part of 2006 but also already over a good part of next year. The group's revenue for the whole of 2006 will be more than €25 billion. write your comments about the article :: © 2006 Construction News :: home page |