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VINCI SA achieves new sales and earnings records despite real estate slump
According to a report from www.finanzen.net, the French construction and infrastructure group VINCI achieved new sales and earnings records last year despite a slump in the real estate business. Net profit rose to 4.70 billion euros after 4.26 billion in the previous year. Sales rose from 61.68 billion euros in the previous year to 68.84 billion euros. VINCI benefited from increases in all sectors - inside and outside France - except real estate, which reported a 19 percent decline in sales. Earnings before interest and taxes (EBIT) rose from 6.82 billion to 8.36 billion euros. Free cash flow for the year was...
VINCI SA achieves new sales and earnings records despite real estate slump
According to a report by www.finanzen.net, the French construction and infrastructure group VINCI achieved new sales and earnings records last year despite a slump in the real estate business. Net profit rose to 4.70 billion euros after 4.26 billion in the previous year. Sales rose from 61.68 billion euros in the previous year to 68.84 billion euros. VINCI benefited from increases in all sectors - inside and outside France - except real estate, which reported a 19 percent decline in sales. Earnings before interest and taxes (EBIT) rose from 6.82 billion to 8.36 billion euros. Free cash flow for the year was 6.63 billion euros, exceeding the company's target of at least 4.5 billion euros.
These figures indicate VINCI's financial strength. The increased sales and net profit despite declining real estate revenues show the company's ability to generate growth through other business areas. The positive results could boost investor confidence and increase the attractiveness of VINCI shares.
VINCI's outlook for 2024 suggests further sales growth, although not to the same extent as in 2023. The forecast net profit at 2023 levels despite a burden from a new French infrastructure levy shows that the company is stable and resilient.
For investors and shareholders, this could mean that VINCI remains profitable and offers solid returns in the future. The increased earnings and positive outlook could increase interest in VINCI shares from institutional and retail investors, which could have a positive impact on the share price.
The information from the article points to a positive future for VINCI, and the numbers speak to the company's continued growth and resilience. The market and consumers benefit from the stability of a leading construction and infrastructure company like VINCI.
VINCI shares are currently trading 0.24 percent higher at EURONEXT Paris at 117.94 euros.
How www.finanzen.net reports, VINCI's positive development could also be of interest to investors looking for long-term and stable investments.
Read the source article at www.finanzen.net