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| Company type | Public (Société Anonyme) |
|---|---|
| Euronext Paris: DG CAC 40 component | |
| ISIN | FR0000125486  |
| Industry | Construction |
| Founded | 1899; 126 years ago (1899) |
| Founders | Alexandre Giros Louis Loucheur |
| Headquarters | 1973 blvd de la Défense,, France |
Area served | Worldwide |
Key people | Xavier Huillard(Chairman and CEO) |
| Services | Infrastructure and property construction, transport infrastructureconcessions (motorways, tunnels, airports, bridges),energy infrastructure and services |
| Revenue |  €68.8 billion(2023)[1] |
| €8.3 billion(2023)[1] | |
| €4.7 billion(2023)[1] | |
| Total assets | €118.5 billion(2023)[1] |
| Total equity | €32 billion(2023)[1] |
Number of employees | 280,000(2024)[2] |
| Divisions | Vinci Autoroutes (Autoroutes du Sud de la France, Cofiroute, Escota, Arcour), Vinci Concessions (airports, stadiums, highways), Vinci Energies, Cobra IS, Vinci Construction |
| Website | www.vinci.com |
Vinci (corporately styledVINCI) is a Frenchconcessions andconstruction company founded in 1899 as Société Générale d'Entreprises. Its head office is inNanterre, in the western suburbs ofParis.[3] Vinci is listed onEuronext's Paris stock exchange and is a member of theEuro Stoxx 50 index.
The company was founded by Alexandre Giros andLouis Loucheur as Société Générale d'Entreprises S.A. (SGE) in 1899.[4] SGE was owned by Compagnie générale d'électricité (CGE), laterAlcatel, from 1966 until 1981, whenSaint-Gobain acquired a majority stake.[5]
Companies acquired by SGE include Sogea (a civil engineering firm founded in 1878), bought in 1986, Campenon Bernard (a civil engineering and development firm founded in 1920), bought in 1988, and Norwest Holst (a British civil engineering firm founded in 1969 by the merger of Holst & Co, established in 1918, and Norwest Construction, established in 1923),[6] bought in 1991.[4]
In 1988, SGE was acquired byCompagnie générale des eaux, which was later renamedVivendi.[7] In 2000, the company changed its name to Vinci.[4]
During 2001, Vinci acquired Groupe GTM, which was a combination of Dumez (founded in 1880) and GTM (founded in 1891).[4] One year later, the British-based businessNorwest Holst was renamed Vinci plc.[6][8]
The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006,[9] and Bachy-Soletanche, the world's second-largest geotechnical specialist contractor (after Bauer) in February 2007.[10] It also bought the UK operations ofTaylor Woodrow Construction for £74m in September 2008.[11][12]
During August 2009, Vinci acquired a portion of the troubled contractor Haymills.[13] One month later, it acquired the French engineering firmCegelec from theQatar Investment Authority in exchange for €1.18 billion ($1.69 billion).[14][15] During February 2010, it bought the European aggregates businesses ofTarmac fromAnglo American in exchange for £250 million.[16] It also purchased Meteor Parking from theGo-Ahead Group in September 2010.[17]
During the early 2010s, the company was awarded multiple contracts to construct portions of London'sCrossrail project.[18][19] In 2012, Vinci signed a deal to buyANA Aeroportos de Portugal in exchange for €3,080 million.[20][21] During December 2013, Vinci was awarded a contract worth €440 million to build an express-lane highway system inAtlanta,Georgia.[22]
During 2014, Vinci sold 75% of the shares of Vinci Park to a consortium Ardian Infrastructure and Crédit Agricole Assurances; Vinci Park then became Indigo. In June 2016, Vinci sold the remaining 25.4% ex-Vinci Park shares to the consortium Ardian Infrastructure and Crédit Agricole Assurances.[23]
During May 2015, Vinci andOrix were jointly awarded a 45-year contract to operateItami Airport andKansai International Airport inOsaka Prefecture, Japan, under a deal valued at around $18 billion.[24]
In March 2017, the company won the concession to operate theinternational airport atSalvador, Bahia for 30 years.[25][26] During October 2017, the Australian construction contractor Seymour Whyte was purchased by Vinci.[27] In November 2017, the company invested in Sweden to acquire Eitech and Infratek, specialists in electrical works and engineering.[28][29]
Between 2017 and 2020, Vinci, as part of a joint venture withBalfour Beatty andSystra, was awarded multiple contracts to work on Britain'sHigh Speed 2 project.[30][31][32]
In May 2019, Vinci acquired a 50.01% stake inGatwick Airport; at the time of the transaction, the company pledged to invest £1.1 billion into passenger improvements at the airport by 2023.[33][34]
Throughout 2020, the company's activities were heavily influenced by theCOVID-19 pandemic; strict guidelines were implemented at its workplaces amongst other consequences.[35] In the UK, Vinci was involved in the construction of several specialist hospitals.[36][37]
During October 2020, Vinci issued a €5.2 billion ($6.08 billion) offer to the Spanish construction conglomerateACS Group to acquire itsACS Industrial division;[38] this transaction was completed during the following year.[39] Additional arrangements between the two companies led to the creation of ajoint venture focused on the renewable energy sector.[40]
On 7 April 2021, Vinci was awarded a 30-year concession to operate the following Brazilian airports:Manaus-Brig. Eduardo Gomes International Airport,Tabatinga International Airport,Tefé Airport,Rio Branco International Airport,Cruzeiro do Sul International Airport,Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport, andBoa Vista International Airport.[41][42]
In October 2024, Vinci agreed terms to purchaseFM Conway.[43]
The breakdown of shareholders at 31 December 2019 is as follows:[44]
| Year | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 33,571 | 36,956 | 38,634 | 40,338 | 38,703 | 38,518 | 38,073 | 40,248 | 43,519 | 48,053 | 43,234 | 49,396 | 61,675 | 68,838 |
| EBIT | 3,434 | 3,660 | 3,651 | 3,767 | 4,243 | 3,715 | 4,118 | 4,607 | 4,997 | 5,734 | 2,459 | 4,723 | 6,824 | 8,357 |
| Net result | 1,776 | 1,904 | 1,917 | 1,962 | 2,486 | 2,046 | 2,505 | 2,747 | 2,983 | 3,260 | 1,015 | 2,597 | 4,259 | 4,702 |
| Net debt | 13,060 | 17,164 | 16,210 | 17,552 | 17,134 | 15,001 | 13,938 | 14,001 | 15,554 | 21,654 | 17,989 | 19,266 | 18,536 | 16,126 |
| Staff | 179,527 | 183,320 | 192,701 | 190,704 | 185,293 | 185,452 | 183,487 | 194,428 | 211,233 | 222,397 | 217,731 | 219,299 | 271,648 | 279,426 |
Source: VINCI[45]
VINCI Autoroutes
| VINCI Energies in France:
outside France:
| EUROVIA in France:
outside France:
| VINCI Construction in France:
outside France:
|
Source: VINCI Annual report 2016
As of 2013, the turnover was split as follows:[46]
Net sales break down geographically as follows: France (58.9%), Europe (25.4%), North America (3.9%), Africa (3.5%) and other (8.3%).
In 2020, Vinci UK turnover was £858.5m, with pre-tax profit of £16.2m.[47] However, by 2024, Vinci UK had endured two consecutive years of losses. Vinci Construction UK (comprisingTaylor Woodrow Construction, Vinci Building and Vinci Facilities) made a pre-tax loss of £51.4m in 2023 (2022: £43.5m pre-tax loss) on £1.34bn of turnover (2022: £1.24bn).[48]
During early 2024, the company announced that its turnover had risen by 12% to €69 billion, which was reportedly a 12 year high.[49]
Vinci and its predecessor companies have been involved in many notable projects including:
Vinci is involved in construction of the first 43 km of theMoscow-Saint Petersburg motorway through the valuableKhimki Forest. This construction has raised many protests in Russia, 75% of the local community – about 208,000 citizens ofKhimki – oppose the project.[61] There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted.[62][63]
Vinci attracted protests in relation to its project to build anairport in Notre-Dame-des-Landes nearNantes, expected to become the third largest airport in France and being built on a site of 2,000 hectares of woodland and marsh with an acknowledged social and ecological value. This project was financed through a public-private partnership with profits going to Vinci. In November 2012, protests took place to prevent the expulsion of villagers and farmers who were struggling to protect their environment who were receiving support at both a national and international level.[64]
Vinci's Norwest Holst and Taylor Woodrow were revealed as subscribers to the UK'sConsulting Association, exposed in 2009 for operating an illegal construction industryblacklist. Vinci was later one of eight businesses involved in the 2014 launch of the Construction Workers Compensation Scheme,[65] condemned as a "PR stunt" by the GMB union, and described by the Scottish Affairs Committee as "an act of bad faith".[66]
Vinci SA has faced scrutiny for its continued presence in Russia amid the war in Ukraine. According toLe Monde, despite halting new investments, the company remains active through its subsidiaries, raising concerns about its ongoing operations and ethical responsibilities.[67]
