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| Vinci Annual Meeting of Shareholders The Combined Shareholders' General meeting of Vinci was held on 14 April 2015 at the Carrousel du Louvre in Paris under the chairmanship of Xavier Huillard, Chairman and Chief Executive Officer of the Group. The quorum was 60.35 %. The shareholders' meeting approved the parent company and consolidated accounts for the financial year ending on 31 December 2014 and decided to pay a dividend of €2.22 per share in respect of that financial year. As an interim dividend of €1,00 was paid in November 2014, the final dividend amounts to €1.22. The share will be quoted ex-dividend on 27 April 2015 and the final dividend will be paid in cash on 29 April 2015. The shareholders' meeting also approved the renewal of the terms of office of Mr. Robert Castaigne and Ms. Pascale Sourisse as directors and the appointments, for 4 year terms, of Ms. Ana Paula Pessoa as director and Ms. Josiane Marquez as director representing employee shareholders. These appointments increase the percentage of women directors to 46.15% (compared to 38.46% previously). In addition, the shareholders' meeting approved a resolution maintaining the principle of one share, one vote. 2015 Trends Mr Huillard confirmed the trends expected in 2015, first announced when Vinci's full-year 2014 results were reported, while providing additional information: • Consolidated revenue should decline slightly, owing to contrasting performances according to business line: - In concessions, both Vinci Autoroutes and Vinci Airports could record positive traffic growth rates, although they could be lower than in 2014 because of base effects. In this respect, early 2015 was encouraging and rather better than expected. - In contracting, while revenue in France was expected to drop by -5 to -10%, its contraction could be closer to 10% while order intake should bottom out towards the end of 2015. Development initiatives outside France could partly offset the impact of this revenue reduction. - In line with the Group's strategy, the weight of revenue posted outside France should therefore increase and might exceed 40% of the total. • The EBIT-to-revenue rate in the contracting business should improve thanks to the expected turnaround in loss-making business units, especially in the United Kingdom. • All in all, net income attributable to owners of the Group –excluding non-current items- should come in at a similar level to that recorded in 2014. write your comments about the article :: © 2015 Construction News :: home page |