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| Vinci announces first half 2011 results France's Vinci said its consolidated revenue amounted to €17.3 billion for the first half of 2011, up 17.3% against the same period in 2010. This change is due to robust business growth on a comparable structure basis (+8.6%), together with the positive impact (+8.6%) of the acquisitions made in 2010 (Cegelec and Faceo in the Energy business line and Tarmac at Eurovia). There was strong revenue growth (+7.9%) in the second quarter on a comparable structure basis both in France (+9.8%) and international markets (+4.7%), confirming the good trends observed over nine months, especially in Contracting. In France, on an actual basis, revenue rose 17.8% against the first half of 2010 to €11.1 billion (9.9% growth on a comparable structure basis). Outside France, revenue increased 16.4% to €6.2 billion on an actual basis (6.4% on a constant consolidation scope and exchange rate basis). Revenue generated outside France represented 36% of total revenue (41% in the Contracting business lines). The order book at 30 June 2011 reached a record high of €30 billion, increasing 16% since the beginning of the year and 12% over 12 months. It includes the contract for the South Europe Atlantic high-speed rail line between Tours and Bordeaux (LGV SEA), signed with Réseau Ferré de France (RFF) on 16 June. The total value of works to be carried out by Group companies is almost €4.2 billion. This good first-half performance underpins the estimate of more than 5% full-year business growth, which was announced in March on the publication of the 2010 annual figures. write your comments about the article :: © 2011 Construction News :: home page |