VINCI Construction, France’s leading construction company and a major global player, brings together 830 consolidated companies (*) with 69,000 employees in some 100 countries and delivers a comprehensive array of capabilities in building, civil engineering, hydraulic engineering and contracting-related specialities.
The distinctive feature of VINCI Construction, beyond its broad range of expertise, is its business
model, with three components that form an excellent strategic fit.
Network of local subsidiaries:
– in France, VINCI Construction France, comprising 450 profit centres with strong regional roots in mainland France and around 30 other local subsidiaries in French overseas territories;
– outside France, with VINCI Construction UK in the United Kingdom; Warbud, Prumstav, SMP, SMS and Sogea-Satom in Africa;
Specialist activities serving global markets: Soletanche Freyssinet Freyssinet (foundations and ground technologies, structures, nuclear activities); Entrepose Contracting (oil and gas infrastructure)
A division dedicated to managing and delivering complex projects: VINCI Construction Grands Projets, VINCI Construction Terrassement and Dodin Campenon Bernard, which work on major civil engineering and building projects around the world.
VINCI Construction exemplifies the Group’s entrepreneurial culture and management model. Its decentralised structure creates a framework for networking within the Group and empowerment of local managers, and supports its focus on people and responsive organisations.
(*) CFE deconsolidated on 24 December 2013.
“GROWTH AND INTERNATIONAL DEVELOPMENT”
Business volume and orders – especially beyond Europe – confirm the robustness of the VINCI Construction model.
- €16,775 Million Revenue
- €680 Million Operating profit from ordinary activities
- €524 Million Net profit attributable to equity holders of the parent
- 68,881 employees
New orders in 2013 took the year-end order book to €17.3 billion, up 1.7% relative to 2012, suggesting that revenue will hold steady, or perhaps increase slightly.
In France, major projects will launch or continue, such as the SEA HSL, the Tokamak building at Cadarache, the Bordeaux and Lyon stadiums and the Arena 92. Combined with the company’s deep roots in its markets, these projects will contribute to maintaining the resilience of the company’s business. In the medium term, business will also be boosted by infrastructure spending for the Grand Paris programme.
Elsewhere in Europe, business should hold up well in the United Kingdom and there is a chance that Central Europe, Poland in particular, will begin to pick up. In Africa, Sogea-Satom has been growing at a planned, sustained rate for many years and business should remain brisk.
Specialist engineering contractors Soletanche Freyssinet and Entrepose Contracting are also developing well and are making the most of their expertise in some 100 countries.
In major projects, with an order book at an all-time high, the outlook for strong growth is very positive, and this will also help VINCI to extend its reach around the world.
In all its markets, VINCI Construction will further embed the synergies in its offers between its divisions’ production and management resources and with other VINCI business lines.
These synergies, which were already a feature of most recent major operations, will be further extended to include a broader spectrum of international projects. This is a process that will help to ensure that VINCI stands out in its increasingly globalised markets at a time when projects are becoming ever more complex.
Looking beyond the short term and the current difficult conditions in some European markets, VINCI Construction will benefit from sustained long-term demand in all the sectors in which it operates: transport and energy infrastructure, urban development, water supply and treatment systems, public facilities (healthcare, education, recreation), and new generation residential, office and service buildings.