VINCI Energies achieved remarkable overall performance in 2023, thanks to its very solid position in markets with good long-term growth prospects around the world – powered by the energy and digital transitions – as well as its wide range of expertise, efficient network and strong, decentralised managerial model.
VINCI Energies saw its growth accelerate further in 2023. Revenue rose by 15% to €19.3 billion (up 10.9% like-forlike). The increase was particularly marked outside France (up 18.9%). In addition to the positive impact of external growth, business was brisk in almost all of the 61 countries where VINCI Energies now operates. Its Ebit margin improved further (to 7.0%), placing VINCI Energies among the most profitable companies in its industry.
This momentum reflects VINCI Energies’ ability to take full advantage of strong underlying trends. The growing importance of the energy transition and digital transformation agendas is benefiting the energy infrastructure business as well as activities in industry, construction and information technology. The challenges of decarbonisation, energy sufficiency and the digital revolution open up opportunities in all of these sectors.
Sustainable business growth is also facilitated by a decentralised organisation that allows each of VINCI Energies’ 2,000 companies to be a local partner to its customers. Eighty percent of revenue is generated by customers with whom the local subsidiaries have had business ties for over five years; this generates a large volume of contracts, mostly in flow business activities.
80%
of revenue generated by customers with whom VINCI Energies has had a business relationship for over five years.
The average unit value of contracts in 2023 was €70,000. At the same time, because its business units are organised as a network, VINCI Energies is well positioned to support its customers in all aspects of their projects through multi-technical and multi-site solutions. This organisational model, combined with a broad spectrum of expertise and the ability to deliver at every stage of a project – engineering, execution, operation and maintenance effectively and efficiently addresses customers’ needs.
The VINCI Energies model also facilitates the onboarding of new companies. When they join the business line, they are encouraged to nurture their own unique market position and skill set, while at the same time reaping the benefits of new opportunities provided by the network and a supportive managerial environment. In 2023, 34 companies were acquired, representing a total workforce of 2,200 people and full-year revenue of €430 million.
Revenue in this segment grew to €5.8 billion, up 18% relative to 2022.
Business in this sector is enjoying the benefits of the energy transition, which is generating growing investments the world over. VINCI Energies is taking full advantage of this deep-seated trend thanks to its full array of expertise, which covers every stage in the production, transmission, transformation, distribution and use of electricity. The Omexom brand has been deployed across 37 countries and has gained further strength through the acquisition in early 2023 of Otera AS, a Norwegian company with 600 employees.
In addition to the development of renewable energies, investment in adapting, reinforcing and interconnecting electricity transmission networks is generating a significant volume of business. A number of projects were carried out or won in 2023, including:
