Contracting
VINCI Construction

Profile
VINCI Construction is France’s leading construction company and a major global player, with an unrivalled array of capabilities in building, civil engineering, hydraulic engineering and contracting-related specialities. Its three business areas form an excellent strategic fit.

A network of local subsidiaries:

– in France, VINCI Construction France stands at the head of a network of 440 profit centres with strong local roots, and around 30 local subsidiaries in France’s overseas territories and dependencies;

– outside France, with VINCI Construction UK in the United Kingdom; CFE (46.8%-owned by VINCI), mainly in Benelux; Warbud, Prumstav-FCC and SMP in Poland and the Czech Republic, and Sogea-Satom in Africa.

Specialised civil engineering subsidiaries serving global markets: Soletanche Freyssinet (deep foundations and ground technologies, civilian nuclear engineering); Entrepose Contracting (oil and gas nfrastructure); DEME, 50%-owned by CFE (dredging, marine engineering, site remediation).

A division dedicated to the management and execution of complex projects, with VINCI Construction Grands Projets, VINCI Construction Terrassement and Dodin Campenon Bernard, which works on major civil engineering and construction projects in France and all over the world.

VINCI Construction exemplifies the Group’s entrepreneurial spirit and management model. Its decentralised structure creates a framework for networking and empowerment of local managers, a focus on people and a responsive organisation. This model has helped to establish new standards of performance in building and public works.


“The backlog at the end of 2010 points
to a return to growth in 2011.”

 

Revenue: €13,118 Million

Operating profit from ordinary activities: €584 Million

Net profit attributable to equity holders of the parent: €407 Million

Workforce: 64,000 employees

Perspectives

Signs of a pickup in activity, starting in the second half of 2010, suggest that the economic crisis has bottomed out for VINCI Construction. The backlog for this business line’s entities at the end of 2010 confirms this trend and points to a return to growth in 2011.

Growth is expected to pick up in France in particular, VINCI Construction’s main European market. The year-end backlog had yet to include major projects such as the Tours-Bordeaux highspeed line, while an aggressive sales drive and projects under study point to a revival of activity. Outside the European Union, most of the growth will come in the emerging countries, in Africa, the Middle East and Asia. VINCI Construction is expanding in those countries through a combination of local presence and major projects, as and when opportunities arise. The current portfolio of large-scale urban transport infrastructure, oil and gas infrastructure and offshore engineering projects around the world are evidence that this strategy is paying off.

In the longer term, potential demand in both mature and emerging economies will combine to sustain the momentum at VINCI Construction. Mature economies need to modernise their infrastructure extensively and improve environmental efficiency. Emerging countries, meanwhile, are poised to launch a wave of new construction projects. Vigorous demand is expected in all of VINCI Construction’s main markets, from transport and energy infrastructure to urban development, water supply networks and water and wastewater treatment systems, public edifices such as hospitals, schools and leisure facilities, and commercial property of all kinds.

Another factor in VINCI Construction’s favour is the growing demand for increasingly comprehensive and complex project packages, with a strong “systems” component. VINCI Construction will have a decisive competitive edge in such projects, thanks to its proven expertise in managing large projects and its capacity to harness all of the requisite technical expertise in-house. Ongoing efforts to leverage synergies internally will further reinforce this competitive advantage.