(Boursier.com) — The consolidated turnover of Vinci amounted to 15.7 billion euros in the 1st quarter of 2024, up 4.8% (organic growth: +4.2%; impacts of changes in scope: +0.5%; impact of variations in change close to 0%).
In France, turnover reached 7.1 billion euros, up 4.1% on an actual basis (+4% on a comparable basis).
Internationally, turnover stood at 8.7 billion euros, up 5.4% on an actual basis and 4.5% on a comparable basis. Changes in scope mainly concern acquisitions made by VINCI Energies.
The share of turnover generated internationally amounts to 55.1% of the total (54.8% in the 1st quarter of 2023).
Order intake for the quarter from VINCI Energies, Cobra IS and VINCI Construction is up 19%. They represent a total amount of 18.5 billion euros.
The order book as of March 31, 2024 thus reached a new record (66.7 billion euros). An increase of 11% over one year and 9% since December 31, 2023, it represents nearly 14 months of average activity in the energy and construction branches. The Group therefore has good visibility allowing it to continue to demonstrate selectivity in markets that are generally still in good shape. The international share of the book, stable over one year, stands at 68%.
Consolidated net financial debt as of March 31, 2024 stands at 16.9 billion euros. The slight increase compared to December 31, 2023 (16.1 billion euros) includes – in addition to the seasonal increase in working capital requirements – the increase in investments, particularly in concessions and energy.
Vinci retained very significant liquidity as of March 31, 2024:
managed net cash of 12 billion euros (13.2 billion euros as of December 31, 2023);
a confirmed and unused bank credit line of 6.5 billion euros for VINCI SA, maturing in January 2029, with two renewal options for an additional year each.
The Standard & Poor’s agency, in March 2024, confirmed its confidence in the quality of the Group’s signature and kept its ratings unchanged (long-term: A-, short-term: A2, stable outlook).
VINCI confirms the indications for 2024 presented on the occasion of the publication of the 2023 annual accounts last February.