Turnover at French giant hits 拢59bn

French giant Vinci said income in the first half went up 4% to nearly 鈧�34bn (拢29bn), the firm said in interim results last Friday.

The firm, which is an official supporter of the Paris 2024 Olympics and built the Stade de France, the venue for Rugby Sevens, won by France, and the athletics, said turnover in the six months to June stood at 鈧�33.8bn (拢28.5bn).

The construction and airports group said 56% of its income was from outside its home country. Operating profit was up 9% to 鈧�3.9bn (拢3.3bn).

vinci

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The Vinci-built Stade de France is hosting the athletics events at the current Olympic Games

Revenue at its construction business, its biggest division, was up 2.5% to 鈧�15.3bn (拢13bn), with 54% of this, 鈧�8.2bn (拢7bn), coming from outside France.

It said its construction revenue in 2024 would be close to last year鈥檚 level of 鈧�31.5bn (拢27bn) with its operating margin expected to improve from last year鈥檚 4% 鈥� a level last seen in 2011.

Its major projects work in the UK includes its HS2 station scheme at Old Oak Common in west London that it is building with Balfour Beatty as well as an upgrade to the National Grid, after winning a spot on a 拢9bn framework earlier this year.

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