Increase in toll rates: Vinci Autoroutes makes a commercial gesture – 2023-01-30 at 09:30

(AOF) – While the toll rates of the main motorway networks are to increase by almost 5% on February 1, the Vinci company undertakes to block prices on short journeys. The toll rates for 70% of journeys of less than 30 km made on the entire network of the company will be blocked”, explains the group in a press release. “Half of the journeys of less than 50 km” and the routes of bypassing 35 towns served by its network will also benefit from this measure.

In addition, subscribers to the “Ulys 30” electronic toll will see their reduction on the regular route of their choice go from 30 to 40% for one year.

Also, with regard to holders of an electric vehicle. From May 1, they will be able to benefit from a 10% reduction on electric charging at 60,000 terminals throughout France.


Key points

– World leader in construction, born in 2000 and involved in motorway and airport concessions;

– Revenues of €49.4 billion, of which 47% generated internationally, split between motorway and airport concessions for 14%, construction for 53% and energy for 31%;

– Economic model: “design, finance, build and manage infrastructure and equipment for mobility” with complementarity between concessions and contracting;

– Open capital (employees with 9.9% of the capital and Qatari Holding with 3.8%), the 15-member board of directors being chaired by Xavier Huillard, also managing director;

– Solid balance sheet with A debt of €20.1 billion at the end of September, compared to €17.9 billion in cash.


– Growth strategy based on 3 pillars:

– in concessions, extension of the maturity of the portfolio and growth of the airport sector through external growth,

– in contracting, priority to Vinci Energy via acquisitions and to the specialized activities of Eurovia and Vinci Construction,

– synergy of concessions & contracting expertise at the service of infrastructure projects;

– Innovation strategy organized by profession, with a budget of €50 million financing 50 programs from 12 research centers and focused on urban mobility and the sustainable city:

– innovation structures: incubation platforms -Leonard for the group, Factory for Vinci Energies, Digital Factory for Vinci Autoroutes, Eureka for Eurovia and Lab Research Environment – and support programs for CATALYST and SEED start-ups,

– partnerships with Paris-Tech (Research & Environment Lab), Fabrique de la Cité, etc.;

– “Ambition 2030” environmental strategy aiming for carbon neutrality by 2050:

– intermediate objective of reducing the carbon footprint by 20% in 2030 vs 2019;

– circular process systematizing recycling and reuse in each sector;

– “avoid, reduce, compensate” approach to achieve “0 net loss” of biodiversity, control of water use, particularly in dry regions,

– launch of the 1st green loan,

– participation in the global decarbonized hydrogen infrastructure fund;

– Record order book, of which 68% internationally;

– High contribution from Cobra IS, a specialist in energy infrastructure for solar and wind energy -15 GW in the medium term of capacity, particularly in Latin America.


– Reduction of the disparity in margins between motorway concessions (2/3 of operating profit) and construction;

– Inflation: upstream securing of supplies of raw materials and equipment;

– Integration of Cobra IS, a specialist in energy infrastructure for the production of solar and wind energy -15 GW in the medium term of capacity, particularly in Latin America;

– After a 26% increase in invoicing, driven by international business at the end of September, confirmation of 2022 objectives: annual traffic higher than that of 2019 for motorways and equal to 70% for airports, growth in activity and operating margin for VINCI Energies, revenues of €5.5 billion and high margin for Cobra IS, sustained activity and increase in operating margin for VINCI Construction;

– 2022 interim dividend of €1 with interim dividend and share program.

Find out more about the BTP / Construction sector

Double punishment for the sector

The French Building Federation (FFB) recently warned of the collapse of the new housing market. Over the first eight months of 2022, sales of the new home market in the diffuse sector collapsed by 26.8% over one year. As for sales of new homes in the grouped sector, sales to individuals fell by 17.3% over one year in the first half, while sales to institutions fell by 23%. The trend is the same for the sale of collective housing, down 9.8%.

These bad trends are accompanied by a decline in public investment, while repayments of PGE begin. Due to a lack of visibility, local authorities prefer to suspend certain projects. They also have to face a drop in their resources and a significant increase in the cost of energy and works. However, the most significant investments are generally made during the third and fourth years of the local authorities’ mandate, that is to say in 2023 and 2024. This therefore represents a significant shortfall for the sector.

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