Order intake in 2025 – particularly in the rail works, water management, energy, defence and building renovation sectors – kept the order book at a high level. It reached €34.2 billion at end-December 2025, representing approximately 13 months of business volume. This visibility enabled the business to confidently pursue its selective order-taking policy.
In order to minimise the impact of a persistently uncertain economic and geopolitical environment, VINCI Construction can continue to draw on its broad spectrum of expertise, geographical diversification and decentralised organisation. These strengths should help to keep its business model resilient, its 2026 revenue close to its 2025 levels (at constant exchange rates) and its Ebit margin at least steady.
In the medium term, the macro trends unfolding today, which are already visible in the type of projects currently under way, will continue to generate new business opportunities. Global climate change adaptation efforts and carbon emissions reduction targets call for significant upgrades in the infrastructure that sustains power grids, water management, low-carbon transport and climate resilience.
In building activities, efforts to reduce energy consumption and carbon emissions, combined with urban development and changes in the way we live and work, will also give rise to a growing volume of new projects.
VINCI Construction will be developing new expertise, products and services to provide workable and sustainable solutions to advance the environmental transition, while pushing ahead with its efforts to reduce its own direct footprint.
In a market undergoing considerable change, VINCI Immobilier will continue taking measures to boost operational efficiency and roll out its strategic plan centred on operational excellence, innovation, product repositioning to address new ways of living, working and engaging with urban communities, as well as diversification of its product segments.
To support its customers and other stakeholders on the ground, VINCI Immobilier also aims to further strengthen the acceptance and quality of its projects by addressing the economic, environmental and social challenges that lie at the heart of its business.
Beyond the downturn currently affecting the market in France, the medium- and long-term outlook indicates business will be buoyed by the structural need for homes and the essential transformation of existing business premises to accommodate changing uses, meet stricter environmental requirements and redeploy manufacturing throughout the country.
Over the longer term, VINCI Immobilier’s responsible approach and expertise in land recycling will underpin future business.
