Vinci's revenue and market capitalization

  •   DEHOUI Lionel

The Vinci Group is the world's second largest concession and construction company. It reports a strong presence in more than 100 countries around the world. Moreover, the company's activity improved significantly in 2021, after being penalised by the Covid-19 health crisis in the previous year. Find out more about the group's annual results for 2021 and its current market capitalisation here.

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Vinci's revenue and market capitalization
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Vinci's revenue growth in fiscal 2021

For the full twelve months of its 2021 financial year, the Vinci group generated consolidated revenue of €49.4 billion, compared with €43.2 billion in 2020. This represents an increase of 14.3% (on an actual basis) compared with the previous year.

On a like-for-like basis, the company's annual turnover is up 12.9%, after the impact of changes in the scope of consolidation (+1.2%) and exchange rate fluctuations (0.2%). International sales accounted for 47% of the total.

 

Breakdown of turnover by group activity

For the year 2021, the Concessions business generated revenue of €7.0 billion, compared with €5.8 billion in 2020. This business includes the performance of Vinci Autoroutes, which recorded estimated revenues of €5.6 billion, compared with €4.6 billion the previous year. For its part, Vinci Airports achieved revenues of €1.2 billion, compared with €1.0 billion in 2020. 1.0 billion in 2020, an increase of 20%.

Vinci Energies' turnover for the financial year 2021 reached €15.1 billion. It increased by 10% compared to 2019. In France (representing 44% of the total), revenues from this business line are estimated at €6.7 billion, up 9% over two years.

Internationally (accounting for 56% of the total), the branch's revenue is estimated at €8.4 billion in 2021. It reports 11% growth over 2019. The division's revenues have increased, particularly in Europe, Africa and North America. 

For its part, the Vinci Immobilier division achieved revenues of €1.6 billion for the 2021 financial year. Compared to the year 2019, it increased by 11%. This growth is explained by the excellent level of production noted in the commercial property and residential sectors. 

In 2021, Vinci Construction's revenues amounted to €26.3 billion, up 5% compared to 2019. In France (49% of the total), the division's turnover amounted to €12.8 billion. It fell by 4% over two years.

Internationally (51% of the total), the Vinci Construction division generated revenues estimated at €13.5 billion. They increased by 16% compared to their level in 2019. This fine performance was boosted by the good momentum noted in rail, road and earthworks.

 

Performance of other economic indicators

In 2021, Vinci's financial results were solid overall. For this year, the company recorded a consolidated net profit, group share, of €2.6 billion, compared with €1.2 billion for the previous year. Diluted earnings per share were 4.51 euros, compared to 2.20 euros a year earlier. Consolidated Ebitda was 7.9 billion euros, compared to 5.9 billion euros in 2020.

It represents 16.0% of turnover, compared to 13.7% the previous year. For the full year 2021, the company generated operating profit from ordinary activities of €4.7 billion, compared with €2.9 billion a year earlier. 2.9 billion a year earlier. This represents 9.6% of annual turnover, compared with 6.6% in 2020.

For the year 2021, the company's current operating profit (ROC) is 4.5 billion euros, compared to 2.5 billion euros for the previous year.

For the full year 2021, the Vinci Group's order book stood at €44.5 billion, compared with €42.4 billion in 2020. 42.4 billion in 2020, an increase of 5% year-on-year.

 

Vinci's financial structure at the end of 2021

At 31 December 2021, free cash flow amounted to €5.3 billion, compared with €4.0 billion at the same date the previous year. 4.0 billion at the same time last year. It thus reached a record level at the end of the 2021 financial year. This healthy performance also reflects a strong improvement in working capital requirements and current provisions.

For its part, consolidated net financial debt stood at 19.3 billion euros at the end of 2021. As a reminder, at the end of December 2020, it stood at 18.0 billion euros. It therefore increased by EUR 1.3 billion over the one-year period.

Furthermore, at the end of 2021, the Vinci group posted liquidity of €17.8 billion, compared with €19.2 billion at 31 December 2020. Net cash came to €9.3 billion. This is after taking into account the acquisition of Cobra IS.

At the end of 2021, the company has a gross financial debt of €28.6 billion, compared to approximately €28 billion at 31 December 2020. This was determined before taking into account available cash. Its average maturity is 7.3 years, compared with 7.7 years at the end of the previous year. The average cost of debt decreased slightly to 2.1% from 2.3% a year earlier.

 

About the Vinci Group's dividend and market capitalisation

On 12 April 2022, the company's General Meeting of Shareholders was held. During this meeting, Vinci's Board of Directors proposed the payment of a dividend of €2.90 per share for the financial year 2021.

In addition, the company is present on the equity markets. It belongs to the CAC 40 stock market index. In June 2022, Vinci's market capitalisation is estimated to be around EUR 50 billion.  

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