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| Vinci 1Q revenue up 7.5% French construction group Vinci reported consolidated revenue of €7.2 billion in the first quarter of 2008, up from €6.1 billion in the first quarter of 2007, growing 7.5% on a comparable basis. Revenue increased 17.2% on an actual consolidation basis, taking into account the acquisitions made in 2007, and in particular those of Solétanche Bachy and Entrepose Contracting wrapped up in the second half of 2007. In France, revenue grew 7.7% on a comparable basis (+11% on an actual basis) climbing to €4.7 billion from €4.2 billion in the first quarter of 2007. Despite unfavourable weather conditions in March 2008, business activity in the quarter continued to post significant growth in the quarter as a whole, in concessions as well as in contracting business lines. Outside France, the noteworthy revenue growth, up 31% to €2.5 billion, was mainly accounted for by external growth, while currency effects (depreciation in the US dollar and sterling primarily) weighed negatively, lowering revenue by more than 3%. On a constant consolidation scope and exchange rate basis, revenue posted outside France rose 7%. write your comments about the article :: © 2008 Construction News :: home page |