VINCI Finance - Results: Core business

Net sales
in millions of euros
Year	VINCI Autoroutes	VINCI Concessions	VINCI Energies	Eurovia	VINCI Construction
2011	4,409	888	8,666	8,722	14,107
2010	4,259	839	7,102	7,930	13,118
2009 PF	4,095	794	4,862	7,851	13,016

Cash flow from operations
in millions of euros and as a percentage of net sales
Year	VINCI Autoroutes		VINCI Concessions		VINCI Energies		Eurovia		VINCI Construction
2011	3,058	69.4 %	308	34.7 %	508	5.9 %	524	6.0 %	848	6.0 %
2010	2,929	68.8 %	268	30.9 %	416	5.9 %	470	6.1 %	880	6.7 %
2009 PF	2,807	68.5 %	282	35.5 %	294	6.0 %	498	6.3 %	749	5.8 %

Operating profit from ordinary activities
in millions of euros and as a percentage of net sales
Year	VINCI Autoroutes		VINCI Concessions		VINCI Energies		Eurovia		VINCI Construction
2011	2,018	45.8 %	130	14.7 %	483	5.6 %	322	3.7 %	630	4.5 %
2010	1,923	45.2 %	171	20.4 %	387	5.4 %	285	3.6 %	584	4.5 %
2009 PF	1,793	43.8 %	144	18.2 %	266	5.5 %	309	3.9 %	532	4.1 %

Net debt
in millions of euros
Year	VINCI Autoroutes	VINCI Concessions	VINCI Energies	Eurovia	VINCI Construction
2011	(17,157)	(1,739)	531	90	2,293
2010	(15,876)	(1,634)	606	204	2,145
2009 PF	(15,986)	(1,659)	964	426	2,228

Net income
in millions of euros
Year	VINCI Autoroutes		VINCI Concessions		VINCI Energies		Eurovia		VINCI Construction
2011	820	18.6 %	32	3.6 %	315	3.6 %	220	2.5 %	433	3.1 %
2010	809	19.0 %	39	4.6 %	242	3.4 %	187	2.4 %	407	3.1 %
2009 PF	699	17.1 %	45.8	5.8 %	190	3.9 %	206	2.6 %	405	3.1 %

Average workforce
Year	VINCI Autoroutes	VINCI Concessions	VINCI Energies	Eurovia	VINCI Construction
2011	8,285	7,407	60,035	39,937	66,953