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VINCI Press release: QUARTERLY INFORMATION 2009.France
http://www.vinci.com/vinci.nsf/en/press-releases/pages/20090...
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anxora
6 months, 2 weeks, 6 days, 2 hours agoVINCI’s consolidated revenue (1) for the first quarter of 2009 was €7.0 billion, down 2.6% compared with the same period in 2008. This change reflects a decrease in activity of -3.9% on a like-for-like basis, a 3.3% positive impact from external growth, and an unfavourable exchange rate fluctuation of -2.0%.
In Contracting, revenue fell (-2.0% on an actual basis, -3.5% on a like-for-like basis) mainly due to poor weather conditions which affected progress on construction sites at the beginning of the year, especially road works. VINCI Concessions’ revenue decreased (-3.5% on a like-to-like basis, -4% on a constant consolidation scope basis) primarily due to the overall moderate fall in French motorway toll revenue in a continuation of the trend observed at the end of 2008.
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