Each subsidiary is responsible for ensuring its compliance with the statutory or contractual payment terms that apply to it. Depending on specific local regulations and practices, subsidiaries implement tools to monitor this compliance. The Group has no management indicator to monitor this point at the consolidated level.
The VINCI Group operates in more than 120 countries. Six countries (France, Germany, Spain, the United Kingdom, the United States and Canada) account for 70% of its consolidated purchasing transactions. In this first year of CSRD compliance, the Group focused on collecting data on these six countries. Procedures will be implemented over the next few years to extend the coverage of this scope.
The Group does not monitor its suppliers by category with regard to its payment policy. The only differentiating factor is the regulatory and contractual environment within which a subsidiary operates. Virtually all purchasing transactions are local to local. As a result, Group suppliers are categorised by country in which the subsidiaries operate. Moreover, intercompany transactions are excluded from these reviews. The regulatory requirements in the six countries where information was collected in 2024 are as follows:
| Country | Regulatory environment | Specific requirements for VINCI |
|---|---|---|
| France | France Regulatory environment Payment terms are set by the French Code of Commerce. The deadline cannot exceed 60 days after the invoice date, or 45 days after the end of month in which the invoice was raised. |
France Specific requirements for VINCI None. |
| Germany | Germany Regulatory environment Standard payment terms are within 30 days following receipt of the invoice. |
Germany Specific requirements for VINCI Group companies operating in Germany generally pay their suppliers ahead of the deadline to benefit from a financial discount, which is a common practice in the country. |
| Spain | Spain Regulatory environment Spanish law sets invoice payment terms at no more than 60 days. |
Spain Specific requirements for VINCI The use of reverse factoring arrangements by some subsidiaries has not extended the payment deadline for participating suppliers. |
| United Kingdom | United Kingdom Regulatory environment Payment terms are 30 days but can be extended to 60 days if agreed by both parties. |
United Kingdom Specific requirements for VINCI None. |
| Canada | Canada Regulatory environment Payment terms vary according to province, but 30 days is often used as standard, unless otherwise agreed. |
Canada Specific requirements for VINCI None. |
| United States | United States Regulatory environment No federal standard payment terms regulations apply. Invoices are generally paid within 30 to 60 days based on the terms of the agreement. |
United States Specific requirements for VINCI None. |
Due to the tight deadlines for closing the accounts and publishing the Group’s financial statements, the indicators presented below were collected from 1 January to 31 October 2024. The Group has not observed any significant seasonal effects in its supplier payment periods.
| France | Germany | Spain | United Kingdom | Canada | United States | |
|---|---|---|---|---|---|---|
| Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) | Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) France 4,661 |
Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) Germany 894 |
Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) Spain 556 |
Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) United Kingdom 405 |
Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) Canada 193 |
Number of invoices due for payment in the period from 1 January to 31 October 2024 (in thousands) United States 231 |
| Average number of days between the invoice date and the payment date | Average number of days between the invoice date and the payment date France 51 |
Average number of days between the invoice date and the payment date Germany 22 |
Average number of days between the invoice date and the payment date Spain 53 |
Average number of days between the invoice date and the payment date United Kingdom 42 |
Average number of days between the invoice date and the payment date Canada 52 |
Average number of days between the invoice date and the payment date United States 30 |
| Percentage of invoices paid within the contractual payment period | Percentage of invoices paid within the contractual payment period France 86% |
Percentage of invoices paid within the contractual payment period Germany 76% |
Percentage of invoices paid within the contractual payment period Spain 79% |
Percentage of invoices paid within the contractual payment period United Kingdom 77% |
Percentage of invoices paid within the contractual payment period Canada 72% |
Percentage of invoices paid within the contractual payment period United States 84% |
In the six selected countries, the average number of days between the invoice date and the payment date ranges from 22 days in Germany to 52 days in Canada. The vast majority of invoices are paid within contractual and regulatory deadlines (72% to 86% of invoices).
The main reasons for payments not made within contractual deadlines include:
The Group’s subsidiaries work continuously to improve their internal processes and limit these payment delays.
VINCI’s reporting procedures are set out in the resources listed below.
All of the above guides and procedures are accessible on the Group intranet.
