At the end of 2022, VINCI Construction’s order book stood at a historically high €33.8 billion, with a higher proportion of recurring business and small- or medium-sized contracts than in previous years. This places the business line in a strong position, enabling it to take a more selective approach to new business and focus primarily on operational excellence and improving its margin. The macroeconomic environment will most likely remain challenging in 2023, as fears over price increases and limited supply of materials and power have not yet abated, particularly in Europe. Its resilient business model – which has proven an effective bulwark against the ups and downs of the global economy –, its geographical diversification and its efficient decentralised organisation provide VINCI Construction with the means to focus on operational performance while promoting cross-business synergies.
In the medium and long term, VINCI Construction will continue to benefit from buoyant trends in all its markets. The energy and environmental transition, which accounts for a growing proportion of projects, generates considerable demand for construction, rehabilitation and renovation of buildings, urban improvements and infrastructure. The growing need for transport of all types, and the changes in the way we live and work arising from society-wide shifts, will open up significant opportunities for the construction industry. VINCI Construction will address these challenges by speeding up the deployment of sustainable and innovative solutions, while pushing ahead with its efforts to reduce its direct footprint.
