2013-vinci-annual-report
2013-vinci-annual-report
2013-vinci-annual-report
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Competitive position of VINCI Construction in its main markets<br />
98 CONTRACTING / VINCI CONSTRUCTION<br />
France<br />
VINCI Construction is the leader in<br />
a market estimated at more than<br />
€200 billion, ahead of Bouygues<br />
Construction, Eiffage Construction,<br />
Fayat and Spie Batignolles.<br />
The remaining market is divided<br />
among medium-sized regional<br />
companies and a large number of<br />
small contractors.<br />
United Kingdom<br />
VINCI Construction UK is a<br />
company of significant size in the<br />
VINCI Construction in figures<br />
Revenue<br />
(in €m)<br />
United Kingdom, especially in the<br />
building and civil engineering<br />
sectors. Its main competitors are<br />
the Balfour Beatty, Royal BAM<br />
(BAM Nuttall), Skanska UK,<br />
Carillion and Laing O’Rourke<br />
groups. The British market is<br />
estimated at around €150 billion.<br />
Central Europe<br />
VINCI Construction operates in<br />
this region through its mid-sized<br />
local subsidiaries, notably in<br />
Poland and the Czech Republic.<br />
Net income<br />
attributable to owners<br />
of the parent<br />
(in €m and as a % of revenue)<br />
Its main competitors are Strabag,<br />
Skanska and, in Poland,<br />
Polimex-Mostostal.<br />
Specialised markets<br />
VINCI Construction subsidiary<br />
Soletanche Freyssinet operates in<br />
specialist civil engineering<br />
markets around the world. Its<br />
competitors include Trevi and<br />
Bauer in special foundations, and<br />
Bouygues subsidiary VSL in<br />
prestressing and stay cable<br />
systems. Entrepose Contracting is<br />
Operating income from<br />
ordinary activities<br />
(in €m and as a % of revenue)<br />
a global operator in the design and<br />
construction of complex industrial<br />
projects in the oil and gas sector.<br />
Its main competitors include<br />
Saipem (ENI Group) and CB&I.<br />
Sources: Euroconstruct, November <strong>2013</strong><br />
(market size), company literature.<br />
Ebitda (**)<br />
(in €m and as a % of revenue)<br />
15,327<br />
2012<br />
16,775<br />
<strong>2013</strong><br />
421<br />
2.7%<br />
2012 (*) 524<br />
3.1%<br />
<strong>2013</strong><br />
631<br />
4.1%<br />
2012 (*) 680<br />
4.1%<br />
<strong>2013</strong><br />
876<br />
5.7%<br />
2012<br />
931<br />
5.6%<br />
<strong>2013</strong><br />
Net financial<br />
surplus (***)<br />
(in €m)<br />
2,278<br />
2,167<br />
Revenue by business sector<br />
(as a percentage)<br />
Building 40%<br />
Civil engineering 25%<br />
Specialist activities<br />
and complex projects 32%<br />
Hydraulic engineering 3%<br />
2012<br />
<strong>2013</strong><br />
Revenue by geographical area<br />
(as a percentage)<br />
France 54%<br />
United Kingdom 11%<br />
Belgium 4%<br />
Rest of Europe 9%<br />
Africa 9%<br />
Americas 5%<br />
Rest of the world 8%<br />
(*) Amounts adjusted in line with the change in accounting method arising from the<br />
application of IAS 19 Amended “Employee Benefits”.<br />
(**) Cash flow from operations before tax and net financing costs.<br />
(***) At 31 December.
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