Vinci Posts First-Half Profit Rise, Backs 2023 Guidance
July 28 2023 - 1:00AM
Dow Jones News
By Pierre Bertrand
Vinci reported an increase in first-half earnings Friday, and
backed its 2023 guidance after a six-month period of growth across
its business.
The French infrastructure company said it made 2.09 billion
euros ($2.30 billion) in net profit in the half, compared with
EUR1.90 billion in the same period the prior year, on total sales
that rose 14% to EUR32.73 billion.
Revenue and earnings growth was supported by all three of its
businesses.
Vinci booked EUR31.2 billion in new orders during the period,
and said that its orderbook as of the end of June had grown 9% to
EUR61.5 billion.
Vinci said its board had approved an interim dividend of EUR1.05
a share that it would pay in November.
The company also said that it had positive cash flow of EUR261
million in the first half, compared with a prior-year cash outflow
of EUR281 million.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 28, 2023 01:45 ET (05:45 GMT)
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