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| Vinci revenue up 10% to €33.5 billion French construction firm Vinci said its consolidated revenue was €33.5 billion in 2008, up 10% compared to 2007. Fourth quarter 2008 sales (€8.8 billion) held up well, increasing by 2% over the fourth quarter of 2007 despite a high level comparison base. In France, revenue grew by 6.3% year-on-year to nearly €21 billion (up 3.8% on a constant consolidation scope basis). In the fourth quarter, the continued high level of activity at Vinci Construction and Vinci Energies offset a decline at Eurovia. Outside France, revenue of more than €12.5 billion was up a strong 16.8% due to acquisitions made in 2007 and 2008 as well as organic growth (+5.3%) and despite an unfavourable foreign exchange effect (-2.7%). Fourth quarter 2008 sales growth slowed to +4.7% on a constant consolidation scope basis. Revenue generated outside of France now accounts for more than 37% of the total (43% in the contracting activities). The order book of the contracting divisions (Vinci Construction, Eurovia, and Vinci Energies) stood at €23.2 billion, up 8% compared to 31 December 2007. Compared to 30 September 2008 the order book fell 4% mainly due to the unfavourable effects of foreign exchange rate changes, in particular the depreciation of the pound sterling and Central Europe currencies. write your comments about the article :: © 2009 Construction News :: home page |