|
contents | business | |||||||||
| Vinci's consolidated 2006 revenue up 11% to €26 billion  French building giant Vinci generated consolidated revenue of €26 billion in 2006, up 10.7% compared with 2005. This increase is attributable mainly to organic growth of the company's business lines, with changes in exchange rates and consolidation scope having a positive impact of 1.2%. Business was particularly brisk during the fourth quarter of 2006, increasing 15.7% over the same period last year.In addition to favourable weather conditions, this excellent performance reflects a high level of business activity at Vinci Construction (up 23%) in France and abroad, and the vitality of Eurovia (up 12%) and Vinci's motorway companies (ASF up 8%; Escota up 6.5%; Cofiroute up 9%), which recorded a significant rise in traffic at the end of the year, as well as the good level of business sustained by Vinci Energies (+5%). New orders continued to be taken at a sustained rate, growing at the same pace in 2006 as revenue. Despite the high level of business activity recorded in the third quarter of the year, Vinci's order book stood at €17.9 billion at 31 December 2006, up almost 13% compared with 31 December 2005. On the basis of 2006 data, it represents 10 months of average business activity for the construction, roads and energy divisions. Against this backdrop, and based on the particularly favourable market conditions in France and most of the markets where Vinci operates, the company's outlook for 2007 is excellent. write your comments about the article :: © 2007 Construction News :: home page |