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Vinci SA
DUS:SQU

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Vinci SA
DUS:SQU
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Price: 125.6 EUR 3.16% Market Closed
Market Cap: €70.7B

Vinci SA
Investor Relations

Vinci is a French infrastructure group that makes money from two main activities: building large projects and running long-life assets. On the construction side, it designs and builds roads, buildings, bridges, rail lines, energy facilities, and industrial sites. On the concessions side, it often finances, builds, and then operates assets such as toll roads, airports, and parking facilities, collecting fees from users over many years. Its customers are governments, local authorities, airports, utilities, industrial companies, and private developers that need major infrastructure work done. In construction, Vinci earns money when it wins contracts and completes the project. In concessions, it earns money from tolls, airport charges, parking fees, and similar user payments tied to the assets it operates. What makes Vinci different is that it sits in both the build phase and the operate phase of infrastructure. Many contractors only get paid for construction work, but Vinci can also hold and manage assets that generate steady, long-term cash flow. That mix gives it exposure to public infrastructure spending while also making it a major owner and operator of essential transport and utility assets.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Strong half: VINCI said first-half results were “excellent” again, with revenue up 2.1% to EUR 35.6 billion, EBITDA up 4% to EUR 6.4 billion, and EPS up 11%.

Energy led: Energy Solutions was the main growth engine, with revenue up 7% reported and margins improving, while management said data centers, electrification and digital infrastructure are key growth drivers.

Concessions mixed: Airports held up well, but French motorway traffic was softer because of higher fuel prices and heat waves; VINCI still expanded margins in Concessions.

Record backlog: Order intake rose 8% and the order book reached nearly EUR 77 billion, a new record that management said gives the group strong visibility.

Cash and capital: Free cash flow was positive at EUR 264 million in H1, net debt stood at EUR 22.4 billion, and VINCI confirmed its 2026 guidance while also approving an interim dividend of EUR 1.10 per share.

M&A still active: Management highlighted ongoing expansion in Portugal, India, New Zealand, the U.K., Brazil and digital infrastructure, but stressed discipline on valuation and selectivity over volume.

Key Financials
Revenue
EUR 35.6 billion
EBITDA
EUR 6.4 billion
EBITDA margin
12.3%
Net income attributable to owners of the parent
close to EUR 2.1 billion
EPS
up 11%
Free cash flow
EUR 264 million
Order intake
EUR 34.4 billion
Order book
close to EUR 77 billion
International share of revenue
59%
Concessions EBITDA margin
69%
VINCI Airports revenue
up over 1.8% like-for-like; up 5.3% reported
VINCI Airports EBITDA
EUR 1.4 billion
VINCI Airports EBITDA margin
62.6%
VINCI Autoroutes light vehicle traffic
down 3.7%
VINCI Autoroutes heavy vehicle traffic
up 1.6%
VINCI Autoroutes revenue
down 0.7%
VINCI Autoroutes EBITDA
EUR 2.4 billion
VINCI Autoroutes EBITDA margin
75%
Energy Solutions revenue
over EUR 14.5 billion
Energy Solutions margin
7.8%
VINCI Energy EBIT margin
7.5%
Construction revenue
EUR 15.5 billion
Consolidated net financial debt
EUR 22.4 billion
Net cash position
EUR 11.5 billion
Total liquidity
EUR 18 billion
Committed revolving credit facility
EUR 6.5 billion
First-half acquisitions cash outflow
EUR 400 million
Share buybacks
EUR 1 billion
Dividends and buybacks cash outflow
EUR 3.2 billion
Interim dividend
EUR 1.10 per share
2026 corporate income tax surcharge
a little over EUR 300 million in H1
Zero.e portfolio capacity
5.6 gigawatts at the end of H1 2026
Zero.e capital invested
EUR 2.6 billion
Zero.e capacity at end-2025
5 gigawatts
Data center contracts won
about EUR 900 million
Data center backlog mentioned
EUR 1.2 billion
Other Earnings Calls

Management

Mr. Xavier M. P. Huillard
Chairman & CEO

Xavier M. P. Huillard is a prominent French businessman who has been a key figure at Vinci SA, one of the world's largest construction and concessions companies. He joined Vinci in 1996, serving in various capacities before becoming the Chief Executive Officer in 2006 and Chairman in 2010. He is known for leading the company through significant growth, focusing on infrastructure development, concessions (such as motorways and airports), and expanding Vinci's global presence. Under Huillard's leadership, Vinci has continued to advance in sustainable construction and innovation, positioning itself as a leader in the industry. He has a background in engineering, having graduated from the École Polytechnique and École des Ponts ParisTech, which has contributed to his effective leadership in the engineering and construction sectors. Huillard's long tenure and experience have solidified his reputation as a skilled and forward-thinking executive in the international business community.

Mr. Christian Labeyrie
CFO & Executive VP

Christian Labeyrie is a prominent executive known for his significant contributions to VINCI S.A., a global leader in concessions and construction. Born on March 11, 1956, Labeyrie has built a respected reputation in the financial sector due to his adept management and strategic planning skills. He assumed the role of Chief Financial Officer and Executive Vice President of VINCI S.A. in 2000. His leadership is integral to VINCI's financial strategy, corporate finance, and investor relations. Labeyrie's expertise has been crucial in overseeing the group's complex financial operations and ensuring its robust financial health amid global economic fluctuations. Before joining VINCI, Christian Labeyrie had a successful career with Cofiroute, another major player in the infrastructure sector, where he honed his skills in financial management and strategic oversight. His prolific career is underscored by his educational background, which includes a degree from HEC Paris, one of Europe’s leading business schools, and completion of the Executive Management Program at INSEAD. Labeyrie's work at VINCI is characterized by fostering innovation and sustainability within the company's projects, maintaining a balance between financial performance and ethical considerations. His contributions to the company have been pivotal in establishing VINCI as a leader in its field, supporting infrastructure development with a focus on long-term value creation.

Mr. Pierre Anjolras
Chief Operating Officer

Pierre Anjolras is a prominent figure within Vinci SA, a major global player in concessions, energy, and construction. He has had a significant career at Vinci, taking on various roles that have leveraged his expertise and leadership capabilities. Anjolras has been involved in engineering and construction management, emphasizing strategic development and operational efficiency. Before assuming top executive roles, he held various management positions, where he was responsible for overseeing large-scale infrastructure and construction projects, focusing on sustainable development and innovation. His work has contributed considerably to Vinci's growth and adaptation to modern industry challenges. Anjolras's educational background and professional experience have equipped him well for dealing with the complexities of construction and infrastructure projects, making him an influential leader within Vinci SA. His commitment to excellence and innovation continues to drive the company's mission to create sustainable and efficient infrastructure solutions worldwide.

Mr. Gregoire Thibault
Group Director of Investor Relations & Financial Communications
No Bio Available
Mr. Patrick Richard
General Counsel & Secretary

Patrick Richard is a French national who currently serves as Executive Vice-President, General Counsel of Vinci SA, a major global player in concessions, construction, and energy. Before this, he was a partner at Clifford Chance and a member of the Paris Bar. With extensive expertise in mergers and acquisitions, corporate law, and governance, Patrick Richard joined Vinci in 2012. Since then, he has played a pivotal role in handling legal affairs and ensuring regulatory compliance. His diverse experience in law and leadership has contributed significantly to Vinci's strategic and operational decisions, bolstering the company's global operations and reputation.

Mr. Pierre Duprat
Vice-President of Corporate Communications

Pierre Duprat is an executive at Vinci SA, a global leader in concessions, construction, and related services. He typically holds responsibilities that might include strategic development, operational management, or corporate governance within the company. As a significant figure in Vinci SA, he might work on fostering innovation in construction practices, expanding market reach, and ensuring sustainable growth. However, specific details about his role or contributions might not be publicly detailed. For the latest and most accurate information, consulting Vinci SA's official reports or press releases would be advisable.

Ms. Jocelyne Vassoille
Vice-President of Human Resources

Ms. Jocelyne Vassoille is an accomplished business executive known for her expertise in human resources. She serves as the Director of Human Resources and a member of the Executive Committee at VINCI SA, a global player in concessions, construction, and energy. In her role, Vassoille is responsible for overseeing the company’s human resources strategies and ensuring they align with VINCI's overall growth and operational goals. Before joining VINCI, she has had a distinguished career with significant roles in various international organizations. Vassoille brings extensive experience in managing human capital and developing HR policies that promote organizational culture and employee engagement. Her leadership is instrumental in fostering a work environment that emphasizes diversity, inclusion, and professional development within the company. Her contributions have been vital in helping VINCI navigate the complexities of the workforce in the construction and concessions industry.

Mr. Pierre Coppey
Executive Vice President

Pierre Coppey is a notable executive at Vinci SA, a prominent global player in concessions, construction, and energy. He has held a variety of significant positions within the company. With a background in public administration, having graduated from the Institute of Political Studies in Paris and the Ecole Nationale d'Administration (ENA), he started his career in public service before transitioning to the private sector. At Vinci, Coppey has served in several key roles, including President of Vinci Autoroutes, which is Europe's leading motorway concessions operator. His leadership was crucial in the development and management of one of the company's most critical revenue streams. Coppey's strategic vision and management skills have contributed significantly to the growth and efficiency of Vinci's infrastructure projects. Beyond his operational roles, he has been involved in taking charge of corporate communications and served as the Executive Vice President of Vinci SA. His contributions to the company emphasize his ability to lead large-scale projects and manage complex operations while ensuring stakeholder engagement and communication excellence. His leadership and strategic insights continue to influence the trajectory of Vinci SA in the global infrastructure domain.

Mr. Hugues Fourmentraux
Chief Operating Officer of VINCI Construction

Hugues Fourmentraux is a notable executive at VINCI SA, a global player in concessions and construction, dedicated to building, financing, and managing infrastructure and facilities. He has played a significant role within the company, contributing to its development and strategic focus in various capacities. Fourmentraux has held several important positions within VINCI, particularly in their construction division. He has been known for his leadership within VINCI Construction France, where he has overseen numerous projects and operations that align with the company's sustainable development goals. His role often involves driving innovation, ensuring operational excellence, and fostering collaborative partnerships. Throughout his career with VINCI, Hugues Fourmentraux has been instrumental in adapting the company's offerings to meet modern challenges, such as environmental sustainability and digital transformation in construction processes. His efforts have been key in maintaining VINCI's reputation as a leader in the construction sector, ensuring the delivery of high-quality services and infrastructure projects globally.

Gilles Godard
Chief Digital Transformation Officer of VINCI Construction

Gilles Godard is a notable figure in the corporate world, primarily recognized for his role at Vinci SA, one of the largest construction and concessions companies in the world. Within Vinci, he holds the position of Insurance Director, where he is responsible for managing the group’s insurance policies and ensuring that all facets of the company's vast operations are adequately insured against potential risks. Godard's expertise in the field of insurance is backed by years of experience in risk management and strategic planning. Under his leadership, Vinci's insurance department has developed comprehensive frameworks to protect the company's diverse interests, ranging from large-scale construction projects to infrastructure management. His role is critical in facilitating smooth operations across Vinci's global projects by mitigating financial risks through well-structured insurance strategies. In addition to his primary responsibilities, Gilles Godard plays a vital part in negotiations with insurance providers and partners, ensuring that Vinci secures optimal terms and coverage. His contributions are pivotal in maintaining the company's strong financial health and stability in the face of potential operational challenges. Gilles Godard's career is marked by his strategic acumen, attention to detail, and a deep understanding of the complexities involved in insuring large-scale construction and concession activities. Through his work, he continues to contribute significantly to the ongoing success and resilience of Vinci SA.

Contacts

Address
ILE-DE-FRANCE
Nanterre
1973 bd de la Defense, Cs 10268, Nanterre Cedex
Contacts
+33157986100.0
www.vinci.com
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