The Group’s ROE was 17.3% in 2024, compared with 18.1% in 2023. Excluding the impact of France’s new tax on long-distance transport infrastructure operators, it would have been 18.3%.
| (in € millions) | 2024 | 2023 |
|---|---|---|
| Equity excluding non-controlling interests at previous year end | Equity excluding non-controlling interests at previous year end 2024 28,113 |
Equity excluding non-controlling interests at previous year end 2023 25,939 |
| Net income attributable to owners of the parent | Net income attributable to owners of the parent 2024 4,863 |
Net income attributable to owners of the parent 2023 4,702 |
| ROE | ROE 2024 17.3% |
ROE 2023 18.1% |
ROCE was 11.4% in 2024, compared with 11.3% in 2023. Excluding the impact of France’s new tax on long-distance transport infrastructure operators, it would have been 11.9%.
| (in € millions) | 2024 | 2023 |
|---|---|---|
| Capital employed at previous year end | Capital employed at previous year end 2024 52,853 |
Capital employed at previous year end 2023 52,465 |
| Capital employed at this year end | Capital employed at this year end 2024 59,401 |
Capital employed at this year end 2023 52,853 |
| Average capital employed | Average capital employed 2024 56,127 |
Average capital employed 2023 52,659 |
| Recurring operating income | Recurring operating income 2024 8,850 |
Recurring operating income 2023 8,175 |
| Theoretical tax (*) | Theoretical tax (*)2024 (2,479) |
Theoretical tax (*)2023 (2,212) |
| Net operating income after tax | Net operating income after tax 2024 6,372 |
Net operating income after tax 2023 5,964 |
| ROCE | ROCE 2024 11.4% |
ROCE 2023 11.3% |
(*) Based on the effective rate for the period.
VINCI’s parent company financial statements show revenue of €20 million for 2024, compared with €20 million in 2023, consisting mainly of services invoiced by the holding company to subsidiaries.
The parent company’s net income was €1,784 million in 2024, compared with €2,412 million in 2023. It mainly comprises dividends received from Group subsidiaries totalling €2,140 million (€2,098 million in 2023).
Expenses referred to in Article 39.4 of the French Tax Code amounted to €124,730 in 2024.
Disclosures relating to suppliers’ payment terms required by France’s LME law on modernising the country’s economy and Article L.441- 6-1 of the French Commercial Code are provided in the note to the parent company financial statements entitled “Information on payment periods”, page 404.
At its meeting of 6 February 2025, VINCI’s Board of Directors decided to propose a 2024 dividend of €4.75 per share at the Shareholders’ General Meeting on 17 April 2025 (€4.50 per share with respect to 2023).
Since an interim dividend of €1.05 per share was paid in October 2024, the final dividend payment on 24 April 2025 (ex-date: 22 April 2025) will be €3.70 per share if approved.
| Year | 2021 | 2022 | 2023 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Type | Type
Interim |
Type 2021 Final |
Type
Total |
Type
Interim |
Type 2022 Final |
Type
Total |
Type
Interim |
Type 2023 Final |
Type
Total |
| Amount per share (in €) | Amount per share (in €)
0.65 |
Amount per share (in €) 2021 2.25 |
Amount per share (in €)
2.90 |
Amount per share (in €)
1.00 |
Amount per share (in €) 2022 3.00 |
Amount per share (in €)
4.00 |
Amount per share (in €)
1.05 |
Amount per share (in €) 2023 3.45 |
Amount per share (in €) 4.50 |
| Number of qualifying shares | Number of qualifying shares 571,546,038 |
Number of qualifying shares 2021 562,561,750 |
Number of qualifying shares
|
Number of qualifying shares 565,073,892 |
Number of qualifying shares 2022 564,255,601 |
Number of qualifying shares
|
Number of qualifying shares 571,407,569 |
Number of qualifying shares 2023 571,626,110 |
Number of qualifying shares
|
| Aggregate amount paid (in € millions) | Aggregate amount paid (in € millions)
372 |
Aggregate amount paid (in € millions) 2021 1,266 |
Aggregate amount paid (in € millions)
|
Aggregate amount paid (in € millions)
565 |
Aggregate amount paid (in € millions) 2022 1,693 |
Aggregate amount paid (in € millions)
|
Aggregate amount paid (in € millions)
600 |
Aggregate amount paid (in € millions) 2023 1,972 |
Aggregate amount paid (in € millions)
|
NB: Dividends paid to natural persons in respect of 2021, 2022 and 2023 qualify for a 40% tax allowance.
