Vinci Backs Guidance After 1Q Revenue Boost
By Mauro Orru
Vinci SA confirmed its forecasts for the year after first-quarter revenue increased thanks to strong momentum across its construction and concessions businesses.
The French construction and infrastructure company on Tuesday posted revenue of 15 billion euros ($16.57 billion), up from EUR12.85 billion in last year's first quarter.
The result marks an actual 17% increase and a 14% rise on a like-for-like basis.
Vinci's order intake climbed to EUR15.5 billion from EUR12.5 billion, while its order book jumped 10% to EUR60.3 billion at the end of March.
For the year, Vinci is forecasting higher revenue and operating income, while net income should be slightly higher than last year.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 25, 2023 12:16 ET (16:16 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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