VINCI Construction
Soletanche Freyssinet – VINCI Construction’s subsidiary specialising in soil, structural and nuclear engineering – completed several acquisitions in 2024, including:
VINCI Construction also increased its coverage of the North American market through the acquisition of two roadworks and materials production companies:
These two companies generate combined full-year revenue of around €150 million.
In Australia, VINCI Construction acquired a 51.0% stake in Taylor Rail, which specialises in rail works, in late August.
Cobra IS should benefit from VINCI’s investment in the renewable energy development platform NatPower SA, which will help it to accelerate its development in the US green energy generation market.
The most significant transactions are mentioned in Note B.1 to the consolidated financial statements, “Changes in consolidation scope during the period”, page 324).
In December 2024, VINCI brought into service the new D4 motorway, located around 40 km south-west of Prague as part of the Czech Republic’s first-ever public-private partnership in the motorway sector. The works were completed in less than four years by VINCI Construction, and maintenance of the motorway, which is now open to traffic, will be handled by VINCI Highways over 24 years.
On 30 August 2024, President Emmanuel Macron of France and President Aleksandar Vučić of Serbia officially marked the completion of extension and modernisation works at Belgrade airport. The works were financed and designed by VINCI Airports and began in 2019 in partnership with VINCI Construction Grands Projets. The project was intended to increase the airport’s capacity as well as improving levels of service and comfort. It included the overhaul and extension of the terminal building (40,000 sq. metres), the construction of a second 3.5 km runway to allow repairs to the main runway and the construction of a photovoltaic facility, a wastewater treatment station and a solid waste recycling centre.
Order intake in the Energy and Construction businesses totalled €66.3 billion in 2024, a 7% year-on-year increase.
Order intake at VINCI Energies rose by 6% to a new record level of €22.1 billion. Small contract wins remained strong. VINCI Energies also won several large contracts in electrical infrastructure, data centres and the defence sector in France and abroad.
Order intake at Cobra IS remained very high at €10.4 billion, up 1% for the full year, driven by flow business as well as some large EPC contracts relating to power transmission and renewable energy production in Germany and Brazil.
Order intake at VINCI Construction (€33.7 billion, up 10% year on year) was supported by several large contract wins, particularly in the sustainable mobility and environmental sectors. Flow business remained at a high level.
Among the contracts won by the Group in the second half of 2024, the most significant were those listed below.
