Turnover at UK arm of French giant tops 拢1bn
Turnover at the UK business of Vinci topped 拢1bn last year as schemes delayed by the pandemic finally got up and running.
The firm, whose business includes building, civils and FM work, said income was up 37% to 拢1.2bn with revenue from its largest division, building, up 27% to 拢485m. Turnover from its civils arm, which operates under the historic Taylor Woodrow marque, jumped from 拢172m in 2020 to 拢319m.
Vinci, which is working on two HS2 contracts, including the job to build a new station at Old Oak Common in west London, said it expected revenue from the civils business this year to climb again to more than 拢360m.
The building business made a pre-tax profit of 拢11.6m, from 拢8.8m last time, while the rebound in civils saw profit jump from 拢2.9m in 2020 to 拢8.7m. The firm鈥檚 FM arm improved turnover and profit to 拢367m and 拢11.3m respectively. Overall, group pre-tax profit was up 61% to 拢26m.
Vinci said the number of people it employed at the end of last year was up 6% to 3,738, adding that 60 people were put on furlough last year 鈥� although the firm said it decided not to use the government鈥檚 Coronavirus Job Retention Scheme. It said that by September last year all staff had returned to work.
No comments yet