Turnover at French giant hits 拢59bn

French giant Vinci said income last year jumped 12% to nudge the 鈧�69bn (拢59bn) mark with margins at its construction arm hitting a 12 year high.

In results published yesterday, the construction and airports group said 57% of its 2023 income of 鈧�68.8.bn (拢58.7bn) was from outside its home country. Operating profit was up 22% to 鈧�8.4bn (拢7.2bn).

vinci

Vinci鈥檚 construction business is its biggest division

Revenue at its construction business, its biggest division, was up 8% to 鈧�31.5bn (拢27bn) last year, with 57% of this, 鈧�17.8bn (拢15.2bn), coming from outside France.

鈥淭his reflects progress with several large civil engineering contracts in Europe, North America and Australia/New Zealand,鈥� the firm added.

Vinci said the operating margin at its construction arm was up to 4%, 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.

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