The figure represents a rise of 18% compared with 31 December 2010.
Vinci has reported revenue up 10.7% to €37bn and a rise in net income of 7.2% to €1.9bn.
The company said that the 2011 performance reflects steady organic growth (+6.4%), particularly in the contracting business lines of (Vinci Energies, Eurovia, Vinci Construction and in the full-year impact of acquisitions made in 2010.
Concessions revenue rose 3.9% as a result of an upward trend at Vinci Autoroutes – despite flat traffic – and Vinci Airports, which includes the Grand Ouest airports concession. More than 36% of Vinci’s total revenue was generated outside France in 2011.
The company said that with greater uncertainty surrounding prospects for economic growth in Europe, there could be a downturn in orders in some segments and geographical areas during the year. Toll revenue on French motorways should increase slightly.
Against this backdrop, the group projects that business should be at least flat in 2012. Vinci has established as a 2012 objective the maintenance of its operating margins at the good levels achieved in 2011.
Got a story? Email news@theconstructionindex.co.uk
