VINCI - 2005 annual report

CHIFFRES KEY CHIFFRES FIGURES CLÉS
In € millions and as a percentage of revenue
REVENUE OPERATING PROFIT
FROM ORDINARY
ACTIVITIES
7,664 8,284 9,399
2003 2004 2005
* Before taxes and fi nancing costs.
VINCI CONSTRUCTION’S COMPETITIVE POSITION IN ITS MAIN MARKETS
France (market estimated at €165 billion): VINCI Construction is
the biggest operator, ahead of Bouygues Construction, Eiffage
Construction, Fayat and Spie-Batignolles. The rest of the market is
shared by a large number (estimated at 306,000) of small and
medium-sized fi rms.
United Kingdom (market estimated at €182 billion): VINCI PLC is
a medium-sized operator. The main British operators are Amec,
Balfour Beatty, Taylor Woodrow and O’Rourke.
Belgium (market estimated at €24 billion): CFE is one of the leaders,
alongside Besix.
84
3.
4.
2.
5.
1.
VINCI 2005 ANNUAL REPORT
323 460
2004 2005
REVENUE
BY BUSINESS LINE
1. Building 47%
2. Civil engineering 26%
3. Specialised civil
engineering 13%
4. Hydraulic engineering 8%
5. Services 6%
Total 100%
Source: Direction des Affaires Economiques et Internationales (DAEI), December 2005 (2004 fi gures).
NET PROFIT CASH FLOW FROM
OPERATIONS*
248 323
2004 2005
4.
3.
5.
2.
6.
7.
516 656
3.9% 4.9% 6.2% 7%
2004 2005
1.
NET FINANCIAL
SURPLUS
1,499 1,611
2004 2005
REVENUE BY
GEOGRAPHICAL AREA
1. France 57%
2. United Kingdom 10%
3. Belgium 6%
4. Central
and Eastern Europe 8%
5. Rest of Europe 8%
6. Africa 6%
7. Rest of the world 5%
Total 100%
Germany (market estimated at €204 billion): VINCI Construction
operates on the margins of the traditional construction markets
through two specialised subsidiaries: SKE (facilities management/
PPP) and Bautec (related construction services). The principal
operators in the construction sector are Hochtief, Bilfi nger Berger
and Strabag.
In addition, VINCI Construction is a major operator in the world
major structure and specialised civil engineering markets.