VINCI’s parent company financial statements show revenue of €15 million for 2021, compared with €15 million in 2020, consisting mainly of services invoiced by the holding company to subsidiaries.
The parent company’s net income was €2,580 million in 2021, compared with €235 million in 2020. The 2021 figure includes €2,621 million of dividends received from Group subsidiaries (€30 million in 2020).
Expenses referred to in Article 39.4 of the French Tax Code amounted to €98,631 in 2021.
Disclosures relating to suppliers’ payment terms required by France’s LME Act on modernising the country’s economy and Article L.441-6-1 of the French Commercial Code are provided in Note G to the parent company financial statements, page 365.
At its meeting of 3 February 2022, VINCI’s Board of Directors decided to propose a 2021 dividend of €2.90 per share at the Shareholders’ General Meeting on 12 April 2022, to be paid entirely in cash (€2.04 per share with respect to 2020).
Since an interim dividend of €0.65 per share was paid in November 2021, the final dividend payment on 28 April 2022 (ex date: 26 April 2022) will be €2.25 per share if approved.
Year | 2018 | 2019 | 2020 | ||||||
---|---|---|---|---|---|---|---|---|---|
Type | Interim | Final | Total | Interim | Final | Total | Interim | Final | Total |
Amount per share (in €) | 0.75 | 1.92 | 2.67 | 0.79 | 1.25 | 2.04 | - | 2.04 | 2.04 |
Number of qualifying shares | 555,586,616 | 554,464,831 | 556,865,474 | 554,379,328 | - | 566,990,176 | |||
Aggregate amount paid (in € millions) | 417 | 1,065 | 440 | 693 | - | 1,157 |
N.B. : Dividends paid to natural persons in respect of 2018, 2019 and 2020 qualify for a 40% tax allowance.
As part of its share buy-back programme, VINCI signed a share purchase agreement with an investment services provider on 4 January 2022. Under that agreement, which runs from 5 January until 29 March 2022 at the latest, the provider will purchase up to €600 million of VINCI shares on VINCI’s behalf. The price paid for those shares will not exceed the maximum price determined in VINCI’s Combined Shareholders’ General Meeting of 8 April 2021.
When publishing its quarterly results in October 2021, VINCI clarified its full-year trends:
The Group confirms and specifies the full-year 2021 forecasts presented when publishing its first-half 2021 financial statements:
On this basis, VINCI’s 2021 earnings should rise sharply relative to 2020, while remaining lower than their 2019 level.
VINCI has strengths that will enable it to rapidly get back on a sustainable growth trajectory, since with its energy services, construction and mobility businesses the Group is playing a central role in green growth.
Those trends are confirmed or have been exceeded.