Vinci (construction)
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| Type | Société Anonyme |
|---|---|
| Traded as | Euronext: DG |
| Industry | Construction, civil engineering |
| Founded | 1899 |
| Founder(s) | Alexandre Giros, Louis Loucheur |
| Headquarters | Rueil-Malmaison, France |
| Area served | Worldwide |
| Key people | Xavier Huillard (Chairman and CEO), Yves-Thibault de Silguy (Vice-Chairman) |
| Services | Infrastructure and property construction, transport infrastructure concessions (motorways, tunnels, bridges, car parks), energy infrastructure and services |
| Revenue | €33.38 billion (2010)[1] |
| Operating income | €3.429 billion (2010)[1] |
| Profit | €1.776 billion (2010)[1] |
| Total assets | €56.41 billion (end 2010)[1] |
| Total equity | €13.02 billion (end 2010)[1] |
| Employees | 179,530 (end 2010)[1] |
| Divisions | Eurovia, Vinci Park, Vinci Energies, Vinci Construction, Autoroutes du Sud de la France |
| Website | www.vinci.com |
Vinci is a French concessions and construction company, formerly called Société Générale d'Enterprises. It employs over 179,000 people and is the largest construction company in the world by revenue.[2] Vinci is listed at Euronext's Paris stock exchange and is a member of the CAC 40 index. Its head office is in Rueil-Malmaison.[3]
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[edit] History
The company was founded by Alexandre Giros and Louis Loucheur as Société Générale d’Entreprises S.A. (SGE) in 1899.[4]
In 1986 SGE acquired Sogea, a business founded in 1878.[4]
In 1988 the company acquired Campenon Bernard, a business founded in 1920.[4]
In 1991 SGE acquired Norwest Holst, a company founded in 1969.[4]
In 2000 it changed its name to Vinci.[4]
In 2001 it acquired Groupe GTM itself a combination of Dumez, founded in 1880, and GTM founded in 1891.[4]
In 2006 the company acquired Autoroutes du Sud de la France (the Southern Freeways Company).[5]
In February 2007 Vinci completed the acquisition of Soletanche-Bachy, the world-leading geotechnical specialist contractor.[6]
In 2008, VINCI created the think tank The City Factory.[7]
In 2010, VINCI acquired Cegelec and the European aggregates businesses of Tarmac.[8]
[edit] Ownership
SGE was owned by Compagnie générale d'électricité (CGE), now Alcatel, from 1966 to 1984, then by Saint-Gobain from 1984 to 1988, and then by Compagnie générale des eaux, now Vivendi, from 1988 to 2000.[9]
[edit] Financial data
| Year | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 |
|---|---|---|---|---|---|---|---|
| Sales | 17 331 | 17 172 | 17 554 | 18 100 | 19 520 | 21 543 | 25 634 |
| EBITDA | 1 122 | 1 557 | 1 664 | 1 778 | 2 021 | 2 150 | 3 946 |
| Net Result share of the group | 423 | 453 | 470 | 541 | 731 | 871 | 1 270 |
| Net Debt | 1 855 | 2 072 | 2 493 | 2 266 | 2 285 | 1 579 | 14 796 |
| Staff | 122 070 | 129 499 | 127 380 | 127 513 | 128 433 | 133 513 | 142 500 |
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[edit] Turnover analysis
The turnover is split as follows:[10]
- design and construction of works (43.6%): primarily in the fields of building, civil engineering and hydraulics
- design, construction, renovation and upkeep of roads (30%; Eurovia): roads, highways, and rail roads. The group is also active in urban design and granulate production
- design, execution, and maintenance of energy and telecom infrastructures (16.3%)
- sub-contracted infrastructure management (9.6%): primarily managing roads and highways (mainly through Cofiroute), parking areas, airport activities (No. 3 worldwide for ground services)
- other (0,5%): particularly real estate activities
The company operates under the VINCI Park brand a number of underground parking garages which it built in Paris (e.g. under the Champs-Élysées) and elsewhere.
[edit] Major projects
Vinci and its predecessor companies has been involved in many major projects including the Gariep Dam completed in 1971,[11] the Tour Montparnasse completed in 1972,[12] the Centre Georges Pompidou completed in 1977,[13] the Yamoussoukro Basilica completed in 1989,[14] the new visitor entrance to the Louvre completed in 1989,[15] the Channel Tunnel completed in 1994,[16] the Pont de Normandie completed in 1995,[17] the Stade de France completed in 1998[18] and the Rio-Antirio bridge, completed in 2004.
[edit] Criticism
Vinci is involved in construction of the first 43 km of the Moscow-St.Petersburg toll road through the valuable Khimki Forest. This construction has raised many protests in Russia, 75% of the local community – about 208.000 citizens of Khimki – oppose the project.[19]
[edit] Investors
The investors comprise:[10]
- Institutional investors – 67.4 %
- Employees – 9.0 %
- Individual shareholders – 12.0 %
- Artémis – 3.8 %
- Qatari Diar – 5.7 %
- Treasury shares – 2.1 %
[edit] References
- ^ a b c d e f "Annual Report 2010" (in French). Vinci. http://publi.vinci.com/vinci/vinci-rapport-annuel-2010.pdf. Retrieved 31 March 2011.
- ^ Larsen, Ross; Smith, Heather (4 March 2009). "Vinci Rises Most in Two Months on Net Gain, Outlook". Bloomberg. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aImv2RixwIBQ. Retrieved 2009-04-19.
- ^ "Contact." (Map) Vinci. Retrieved on 7 July 2010.
- ^ a b c d e f "Vinci website: company history". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-chronology.htm. Retrieved 20 November 2011.
- ^ "Autoroutes du Sud de La France history". Asf.fr. 16 January 2008. http://www.asf.fr/control/index.aspx?pageid=Internet2007Anglais.9902. Retrieved 20 November 2011.
- ^ "Contract Journal". Contract Journal. 19 May 2011. http://www.contractjournal.com/Articles/2007/02/14/53631/vinci-completes-soletanche-takeover.html. Retrieved 20 November 2011.
- ^ "the first 10 years – The highlights". VINCI. http://www.vinci.com/10years/topic/highlights.htm. Retrieved 20 November 2011.
- ^ Vinci buys Tarmac's European businesses for £250m The Construction Index
- ^ "Vinci website: SGE history". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-companies.htm?OpenAgent&sge. Retrieved 20 November 2011.
- ^ a b Euronext
- ^ "Vinci website: Hendrik Verwoerd Dam". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&hendrik_verwoerd_dam. Retrieved 20 November 2011.
- ^ "Vinci website: Tour Montparnasse". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&montparnasse_tower. Retrieved 20 November 2011.
- ^ "Vinci website: Centre Georges Pompidou". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&georges_pompidou_centre_in_paris. Retrieved 20 November 2011.
- ^ "Vinci website: Basilica of Our Lady of Peace of Yamoussoukro". Vinci.com. 25 March 1988. http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&our_lady_of_peace_in_yamoussoukro. Retrieved 20 November 2011.
- ^ "Vinci website: Louvre". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&the_grand_louvre_museum. Retrieved 20 November 2011.
- ^ "Channel Tunnel on Structurae database" (in (German)). En.structurae.de. http://en.structurae.de/structures/data/index.cfm?ID=s0000334. Retrieved 20 November 2011.
- ^ "Pont de Normandie on Structurae database" (in (German)). En.structurae.de. http://en.structurae.de/structures/data/index.cfm?ID=s0000048. Retrieved 20 November 2011.
- ^ "Vinci website: Stade de France". Vinci.com. http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&stade_de_france. Retrieved 20 November 2011.
- ^ "п÷я─п╬п╠п╩п╣п╪п╟ я│п╬я┘я─п╟п╫п╣п╫п╦я▐ п╔п╦п╪п╨п╦п╫я│п╨п╬пЁп╬ п╩п╣я│п╟ | п⌡п╣п╡п╟п╢п╟-п╕п╣п╫я┌я─". Levada.ru. 15 September 2010. http://www.levada.ru/press/2010091501.html. Retrieved 20 November 2011.
