| non-inclus | Concessions | non-inclus | ||
|---|---|---|---|---|
| (in € millions) | VINCI Autoroutes | VINCI Airports | VINCI Highways, VINCI Railways, VINCI Stadium and other | Total |
| Income statement | ||||
| Revenue (*) | 6,324 | 3,947 | 661 | 10,932 |
| Concession subsidiaries’ works revenue | 559 | 278 | 73 | 910 |
| Total revenue | 6,883 | 4,225 | 734 | 11,842 |
| Operating income from ordinary activities | 3,362 | 1,889 | 122 | 5,373 |
| % of revenue | 53,2 % | 47,9 % | 18,5% | 49,2% |
| Recurring operating income | 3,342 | 1,937 | 177 | 5,456 |
| Operating income | 3,342 | 1,928 | 198 | 5,468 |
| Cash flow statement | ||||
| Cash flow from operations before tax and financing costs | 4,683 | 2,495 | 284 | 7,462 |
| % of revenue | 74.0% | 63.2% | 42.9% | 68.3% |
| Depreciation and amortisation | 1,347 | 552 | 113 | 2,012 |
| Operating investments (net of disposals) | (22) | (194) | (7) | (223) |
| Repayment of lease liabilities | (9) | (22) | (7) | (37) |
| Operating cash flow | 3,316 | 1,381 | 45 | 4,741 |
| Growth investments (concessions and PPPs) | (585) | (391) | (57) | (1,033) |
| Free cash flow | 2,731 | 990 | (13) | 3,709 |
| Balance sheet | ||||
| Capital employed at 31/12/2023 | 18,312 | 19,259 | 3,708 | 41,279 |
| of which investments in companies accounted for under the equity method | 14 | 165 | 374 | 553 |
| of which right of use assets in respect of leases | 15 | 258 | 20 | 293 |
| Net financial surplus/(debt) | (16,533) | (8,781) | (3,421) | (28,734) |
(*) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
(**) Including associated financial expense.PPP: Public-private partnership.
2022
| non-inclus | Concessions | non-inclus | ||
|---|---|---|---|---|
| (in € millions) | VINCI Autoroutes | VINCI Airports | VINCI Highways, VINCI Railways, VINCI Stadium and other | Total |
| Income statement | ||||
| Revenue (*) | 6,003 | 2,679 | 479 | 9,162 |
| Concession subsidiaries’ works revenue | 543 | 111 | 8 | 663 |
| Total revenue | 6,546 | 2,791 | 487 | 9,825 |
| Operating income from ordinary activities | 3,127 | 983 | 61 | 4,171 |
| % of revenue (*) | 52.1% | 36.7% | 12.8% | 45.5% |
| Recurring operating income | 3,109 | 941 | 49 | 4,099 |
| Operating income | 3,109 | 940 | 90 | 4,140 |
| Cash flow statement | ||||
| Cash flow from operations before tax and financing costs | 4,419 | 1,580 | 200 | 6,200 |
| % of revenue (*) | 73.6% | 59.0% | 41.8% | 67.7% |
| Depreciation and amortisation | 1,314 | 481 | 106 | 1,900 |
| Operating investments (net of disposals) | (21) | (94) | (8) | (123) |
| Repayment of lease liabilities (*) | (8) | (21) | (7) | (36) |
| Operating cash flow | 3,454 | 1,224 | 193 | 4,871 |
| Growth investments (concessions and PPPs) | (578) | (152) | 5 | (725) |
| Free cash flow | 2,876 | 1,072 | 198 | 4,146 |
| Balance sheet | ||||
| Capital employed at 31/12/2022 | 19,019 | 18,563 | 2,947 | 40,529 |
| of which investments in companies accounted for under the equity method | 18 | 150 | 230 | 397 |
| of which right of use assets in respect of leases | 13 | 257 | 27 | 297 |
| Net financial surplus/(debt) | (16,985) | (11,131) | (3,618) | (31,735) |
(*) Excluding concession subsidiaries’ revenue derived from works carried out by non-Group companies.
(**) Including associated financial expense.
PPP: Public-private partnership.
