2022 Universal Registration Document

Key Data

Thanks to markets that have good long-term growth prospects and a decentralised management model that has proven relevant, VINCI Energies continued on its sustainable growth trajectory in 2022.

 

Despite a volatile economic environment which negatively affected equipment prices and availability, VINCI Energies posted outstanding performance. With revenue increasing 7.9% to €16.7 billion (up 10.9% on an actual basis) and an Ebit rate which grew yet again (up 6.8%), the business line is at the top of the profitability league in its sector.

This momentum is a result of diversification across geographies and business lines. Its business units, which are spread out over nearly 60 countries, carry out a wide variety of contracts in the engineering, execution, operation and maintenance phases, as part of their flow business activities or larger-scale projects. Because they have strong roots in their local catchment area, they are very attuned to the needs of their customers. At the same time, they are specialised by area of expertise while being organised in a network, and are thus well positioned to support customers in all aspects of their projects by providing multi-technical and multisite solutions.

This singular organisational model also facilitates the onboarding of new companies. In 2022, VINCI Energies’ expertise and geographical footprint grew as a result of 31 external growth operations totalling €745 million in full-year revenue. The most significant acquisition was German group Kontron AG’s IT services business (€360 million in revenue, 1,600 employees), which was finalised at the end of 2022 and will enable the Axians brand (see page 86) to gain a foothold in new markets in Central and Eastern Europe.

Through a combination of organic and external growth, VINCI Energies’ revenue has more than trebled over the past 12 years.

INFRASTRUCTURE

Revenue in this segment amounted to €4.9 billion, up 10% compared with 2021.

Energy infrastructure

VINCI Energies operates mainly under the Omexom brand, which is active in 39 countries. Several external growth operations carried out in 2022 reinforced its positions in Scandinavia and Germany. Business has expanded as many countries increase the share of electric power (notably from green sources) in their energy mix. As a result, significant investments will be required in order to strengthen and adapt electricity generation and transmission infrastructure. A growing share of these investments is going to renewable energies, generating opportunities for VINCI Energies’ business units to install solar or wind farms and connect them to the grid or overhaul it.

1 VINCI Energies is deploying its expertise in transit systems across the Brasília metro system.

2 Upgrade work at the Bad Lauchstädt transformer station in Germany to enable the network to absorb renewable energy production.

3In France, the floating power plant in Lazer (Hautes-Alpes), built on the reservoir of a hydroelectric plant, has capacity to produce 20 MWp.

31 Number of companies that joined VINCI Energies in 2022.