Vinci SA

DG: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Vinci Earnings: Concessions and Energy Perform Well; Order Book Supports Outlook; Shares Fairly Valued

Matthew Donen , Fabienne Pfeiffer

Apr 23, 2026

Vinci reported first-quarter sales with a 0.5% organic decline, as weakness in construction (negative 4.7% like for like) offset solid growth in concessions (3%) and energy solutions (2.9%). Full-year guidance was confirmed.

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Vinci SA

Vinci Earnings: Concessions and Energy Perform Well; Order Book Supports Outlook; Shares Fairly Valued

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