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€96.540 -0.70 %   18/10/2019 17:37

VINCI Construction

Building tomorrow’s structures and infrastructure

VINCI Construction, the leading French building and civil engineering group and a global player, operates on five continents with more than 70,000 employees and 700 companies. Firmly rooted in its host geographies, it designs and builds structures and infrastructure that address the major issues facing society, namely global warming, population growth and increasing mobility. For VINCI Construction, every project is a new challenge. Its success rests on attentiveness, respect, social and environmental responsibility and stakeholder partnership and trust. VINCI Construction strives to marshal its expertise and its teams’ engagement to support its customers in a changing world.

VINCI Construction returned to growth in 2017 as the recovery took hold in France and most of the group’s other markets also experienced an upturn.

2018 Key figures

830 companies

Present in 100 countries

71,401 employees

Revenue: €14,231m

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VINCI Construction’s three components dovetail to provide long-term support for customers on projects spanning a wide spectrum of technical features, scales and geographies.

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Network of local subsidiaries

- in metropolitan France: VINCI Construction France, comprising 393 local bases with strong regional roots;
- in other parts of the world: VINCI Construction UK and VINCI Construction International Network, comprising the subsidiaries VINCI Construction Dom-Tom in overseas France; Warbud, Průmstav, SMP and SMS in Central Europe; Sogea-Satom in 21 African countries; and HEB Construction in New Zealand.

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Major Projects Division

Which supports complex and large-scale projects in France and abroad, encompassing VINCI Construction Grands Projets, VINCI Construction Terrassement and Dodin Campenon Bernard.

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Specialist activities

Provided by subsidiaries in geotechnical engineering (Soletanche Bachy and Menard); structures (Freyssinet and Terre Armée); nuclear (Nuvia); digital services for construction (Sixense); and oil and gas, renewable thermal energy and energy from waste (Entrepose, including VINCI Environnement).

VINCI Construction’ competitive position

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France

VINCI Construction is the leader in a market estimated to be worth revenue of around €200 billion, ahead of Bouygues Construction, Eiffage Construction, Fayat, NGE and Spie Batignolles. The remaining market is divided among several medium-sized regional companies (including Demathieu Bard and Léon Grosse) and a large number of small contractors.

United Kingdom

VINCI Construction UK is a company of significant size in the United Kingdom, especially in the building and civil engineering sectors. Its main competitors are Balfour Beatty, Kier, Laing O’Rourke and Interserve. The British market is estimated to be worth revenue of around £150 billion.

Central Europe

VINCI Construction operates in the region through its medium-sized local subsidiaries, notably in Poland, the Czech Republic and Slovakia. Its main competitors are Strabag, Skanska and Porr, as well as Budimex in Poland and Metrostav in the Czech Republic.

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Africa

Operating in 24 countries, Sogea-Satom is a major player in Central Africa, West Africa, Equatorial Africa and East Africa. Its main competitors are European, Asian (particularly Chinese) and African companies.

Oceania

By acquiring HEB Construction in August 2015, VINCI Construction became a major player in New Zealand’s infrastructure market. At the end of October 2017, VINCI Construction moved into the Australian market with the acquisition of Seymour Whyte.

Specialist markets

Soletanche Freyssinet operates in specialist civil engineering markets all over the world. Its competitors include Trevi, Bauer and Keller in special foundations, and VSL (a Bouygues subsidiary) in prestressing and stay cable systems.
Entrepose is a global operator in the design and construction of complex industrial projects in the oil, gas and energy recovery sectors. Its main competitors include Saipem (ENI Group) and CB&I.

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Perspectives

Strong order intake, which outpaced revenue and boosted the order book by 5% over the year, heralds activity growth in 2019 exceeding that of 2018. VINCI Construction will continue to focus on improving its margins by maintaining its selective strategy targeting projects that create the most value.

In metropolitan France, VINCI Construction France is expected to confirm its ability to generate profitable growth in markets buoyed by substantial construction and transport infrastructure projects in large urban areas, especially Greater Paris, where the Grand Paris projects will be ramping up. In the other local subsidiary networks, activity is expected to increase further in Africa, where Sogea-Satom will continue to broaden its range of solutions and services, and Poland, based on major projects on order. In the other world regions, volume is expected to stabilise or decline slightly.

Business activity will be strong in the Major Projects Division, both in France due to the Grand Paris transport infrastructure projects, and outside France with a large number of projects under way or being developed. The division’s ability to manage highly technical and complex projects in synergy with other Group entities and in partnership with local companies dovetails with growing worldwide demand for construction and renewal of public infrastructure and facilities.

In specialist activities, Soletanche Freyssinet companies will benefit from the same positive trends on all continents, both in the short term, as borne out by the significant growth in their order books, and in the long term because their expertise matches market demand. Entrepose will continue to work extensively on pipelines and underground storage systems and to diversify its solutions and services to offset the decline in the oil and gas infrastructure market.

Last updated: 29/05/2019