VCISY Vinci SA (PK)

   By Mauro Orru 
 

Vinci SA said Tuesday that revenue increased in the third quarter on the back of good momentum at most of its businesses in France and abroad, with the company now expecting 2021 earnings to rise sharply from last year.

The French construction and infrastructure company said revenue climbed to 13.24 billion euros ($15.38 billion) from EUR12.29 billion in the third quarter of 2020.

The result marks an actual 7.8% increase and a 5.9% rise on a like-for-like basis.

Vinci's order intake in the first nine months of the year fell slightly to EUR32.5 billion from EUR33.3 billion, while its order book rose to EUR45.4 billion from EUR42.8 billion.

For 2021, Vinci said group earnings should rise sharply relative to 2020, while remaining lower than 2019 levels.

Vinci Energies should see growth in revenue and operating margin relative to 2019. Vinci Construction is also expected to post an increase in revenue and operating margin compared with 2019.

Vinci Autoroutes now expects revenue close to that of 2019, while Vinci Airports should see passenger numbers in 2021 very close to their level in 2020.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

October 19, 2021 12:20 ET (16:20 GMT)

Vinci (PK) (USOTC:VCISY)
Historical Stock Chart
From Dec 2024 to Jan 2025

Vinci (PK) (USOTC:VCISY)
Historical Stock Chart
From Jan 2024 to Jan 2025