In 2021, VINCI Energies saw robust growth in its operations while also improving earnings. Thanks to its wide range of expertise and ability to harness the power of its network of business units to meet customers’ needs, the company is well poised to take full advantage of buoyant trends in all its areas of activity.
— After a robust year in 2020 despite the pandemic, VINCI Energies increased its revenue in 2021 by 10.5% to €15.1 billion (up 8.1% like for like), thus surpassing its 2019 level. With an Ebit margin rate which, at 6.5%, is also higher than its pre-crisis level, VINCI Energies ranks among the best performing companies in its sector.
— This strong performance over the long term is the result of both the VINCI Energies business model and its organisational and management model. Its 1,800 business units spread out across some 60 countries cover a very broad spectrum of expertise in markets where the structural factors underpinning demand are solid. They carry out a wide variety of contracts, ranging from major projects to core business activities, and are involved in both the engineering and installation phases, as well as in operation and maintenance. These companies are deliberately small in size and have strong roots in their local business catchment area. At the same time, they are specialised by area of expertise while being organised in networks and sharing a strong common culture. This model has enabled VINCI Energies to be very attuned to the needs of its customers, for whom it develops multi-technical, bespoke solutions. The long-term relationships the company has forged with most of its customers – over five years in 80% of cases – are a testament to the effectiveness of this approach. This bond was made stronger by the pandemic thanks to the efforts its teams expended in response to the unprecedented circumstances.
— VINCI Energies’ ability to onboard new business units and give them a role in its unique model and culture is also a key driver of its long-term growth. Over the course of 2021, 29 new companies totalling around €200 million in full-year revenue joined the Group. Over the past 10 years, acquisitions have brought in additional revenue of €5.7 billion overall.
Installation of a floating solar farm on a lake over a former quarry in Peyrolles-en-Provence (south-east France).
Infrastructure
— Revenue in this segment amounted to €4.3 billion in 2021, up 9.1% compared with 2020.
ENERGY INFRASTRUCTURE
VINCI Energies has benefited from the growth in demand for electric power, as decarbonisation targets converge with an increased need for access to electricity, particularly in developing countries. Operating in 37 countries mainly under the Omexom brand, VINCI Energies’ specialist business units cover all the stages in power generation, transmission, transformation and distribution. In 2021, over a third of their business stemmed from the renewable energy sector, including installing power generation sites and connecting them to or overhauling the grid.
A large number of projects were carried out or won in 2021, including:
- ◗ in France, the Sud-Marne wind farm and two floating solar farms, one on the site of a former quarry in Peyrolles-en-Provence (Bouches-du-Rhône) and the other on a water reservoir in Lazer (Hautes-Alpes);
- ◗ in the Netherlands, a similar power plant which produces energy while at the same time protecting water reservoirs used by the horticultural sector;