Freyssinet (20% of revenue), a specialist in structures, achieved record revenue, driven by strong demand for new construction and repairs to existing structures, as well as for specialist expertise such as hydraulic infrastructure waterproofing. Among its main projects, the company has been working on Line 18 of the Grand Paris Express in France (installation of more than 1,000 tonnes of prestressed concrete for a 6 km viaduct); the High Speed 2 line in the United Kingdom (sliding of a 5,600 tonne bridge structure in Coventry); the Rama III–Dao Khanong bridge in Bangkok, Thailand, and the My Thuan 2 bridge over the Mekong river in Vietnam (cable stay systems); the Industrial bridge in Concepción, Chile (installation of 784 seismic isolators); the Nam Gnom hydroelectric power station in Laos (rehabilitation of a concrete siphon); the Fort McHenry tunnel in Baltimore, United States (concrete repairs); the Monterrey rapid transit system in Mexico (rehabilitation of 34 viaduct piers on Line 2).
Nuvia (7% of revenue), which specialises in projects, services and products in highly regulated industrial environments, mainly in the nuclear sector, saw its business stabilise overall. However, activity remained brisk in France, with scheduled unit outages at EDF’s nuclear plants, and in the UK, where the company carried out radiation protection work on 12 nuclear sites. Nuvia won new contracts in the United Arab Emirates for the Barakah nuclear power plant (management of protective equipment waste), in Sweden for the training and provision of safety officers for the Nynas AB refinery in Nynäshamn, and in Belgium for the construction of an automated waste identification line at the Doel nuclear power plant.
Sixense (3% of revenue), which often works in collaboration with other VINCI Construction entities, experienced strong growth in France and internationally, driven by demand for its engineering services (condition survey of existing structures and infrastructure monitoring), exemplified by the system set up on the Pont de Pierre bridge in Bordeaux (Gironde) to document and guide future reinforcement work on this historic engineering structure. Thanks to its investment in digital technologies, Sixense is well poised to expand its core products and services while working with infrastructure builders and operators on collecting, analysing and leveraging their data in the form of new services.
10% Rate of growth of VINCI Construction's international business in 2023.
Revenue generated by VINCI Construction’s third pillar amounted to €22.9 billion, up 6.1% compared with 2023.
Revenue rose by 4.1% to €12 billion. VINCI Construction’s network of local subsidiaries in France is made up of nearly 500 business units and employs over 43,000 people. The new organisational structure, which was deployed in 2021 and incorporates Eurovia, comprises four divisions (Building France, Civil Engineering France, Road France and Networks France). Each focuses on its expertise and markets, with a view to enhancing its operational excellence and thus the services it provides for its customers, while building technical synergies, as illustrated by the many projects involving several divisions.
Building France (30% of revenue)Revenue increased by 6.4% despite a more volatile economic context than in 2022 and a highly selective policy aimed at improving Ebit margin. Order intake surged, thanks in particular to transformational projects in the Greater Paris area, such as the Évolution complex (block A7/A8 adjoining Austerlitz train station) and the refurbishment of a property development on rue de Castiglione, in Paris.
VINCI Construction has successfully leveraged its position across the entire building value chain. A shrinking residential property market was thus offset by very strong activity in the hospital sector and continued growth across the public amenities sector. Similarly, the substantial growth in refurbishment activity, particularly in social housing, made up for the drop in new build projects. In general terms, thanks to its leading position in France, VINCI Construction can harness both its ability to carry out large, complex operations as a prime contractor and its local presence, which generates numerous projects of all sizes.
In 2023, the division began, continued or completed work on more than 1,900 projects. Following are some examples that illustrate the wide variety of projects it handled:
