French contractor reports half year revenue of £3.3bn in construction division as order books hit £7.4bn
Construction giant Vinci has revealed a 16.4% increase in consolidated revenue during the first half of this year, compared to the same period in 2005. Half-year revenue came in at £7.89bn.
The French contractor said this figure includes £548m in revenue from Autoroutes de la Sud and ASCOT, which Vinci took control of in March. Excluding the impact of this consolidation, revenue grew by 8.3%.
Overall, Vinci Construction’s revenue rose to £3.3bn, an increase of 7.2%
Outside France, Vinci Construction recorded a 9.4% increase in revenue to £1.4bn for the half year. This increase came mostly from central European locations. The company also reported strong momentum in major projects and in dredging, particularly in the Middle East.
Vinci Construction’s order book at the end of June stood at £7.4bn, up by 18% over 12 months.
Vinci has predicted it will exceed its £16.9m revenue forecast for the year as a whole.
The company will publish its half-year financial statement in September.