Vinci (construction)

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Vinci
Type Société Anonyme
Founded 1899
Founder Alexandre Giros and Louis Loucheur
Headquarters Rueil-Malmaison, France
Area served Europe
Key people Yves-Thibault de Silguy, Chairman
Xavier Huillard, CEO
Industry Automobile Parks, Construction, Engineering
Revenue € 30,428 million (2007)
Operating income € 3,006 million (2007)
Net income € 1,461 million (2007)
Employees 142,000 (2005)
Divisions Eurovia, Vinci Park, Vinci Energies, Vinci Construction, Autoroutes du Sud de la France
Website www.vinci.com

Vinci (Euronext: DG) is a French construction company, formerly called Société Générale d'Enterprises. The company currently employs over 134,000 employees. The company's industry of operation is construction, electrical engineering. Vinci is the world's largest construction company and is listed at Euronext's Paris CAC 40 Stock exchange.

Contents

[edit] History

The company was founded by Alexandre Giros and Louis Loucheur as Société Générale d’Entreprises S.A. (SGE) in 1899[1].

In 1986 SGE acquired Sogea, a business founded in 1878[1].

In 1988 the company acquired Campenon Bernard, a business founded in 1920[1].

In 1991 SGE acquired Norwest Holst, a company founded in 1969[1].

In 2000 it changed its name to Vinci[1].

In 2001 it acquired Groupe GTM itself a combination of Dumez, founded in 1880, and GTM founded in 1891[1].

In 2006 the company acquired Autoroutes du Sud de la France (the Southern Freeways Company)[2].

In February 2007 Vinci completed the acquisition of Soletanche Bachy, the leading geotechnical specialist contractor[3].

[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[4].

[edit] Financial Data

Financial Data in euro millions
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
Source :'OpesC'

[edit] Turnover analysis

The turnover is split as follows:[5]

  • 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[6], the Tour Montparnasse completed in 1972[7], the Centre Georges Pompidou completed in 1977[8], the Yamoussoukro Basilica completed in 1989[9], the new visitor entrance to the Louvre completed in 1989[10], the Channel Tunnel completed in 1994[11], the Pont de Normandie completed in 1995[12] and the Stade de France completed in 1998[13], Rio-Antirio bridge, completed in 2004.

[edit] Environmental Record

[edit] Investors

The investors comprise:[5]

[edit] References

  1. ^ a b c d e f Vinci website: company history
  2. ^ Autoroutes du Sud de La France history
  3. ^ Contract Journal
  4. ^ Vinci website: SGE history
  5. ^ a b Euronext
  6. ^ Vinci website: Hendrik Verwoerd Dam
  7. ^ Vinci website: Tour Montparnasse
  8. ^ Vinci website: Centre Georges Pompidou
  9. ^ Vinci website: Basilica of Our Lady of Peace of Yamoussoukro
  10. ^ Vinci website: Louvre
  11. ^ Channel Tunnel on Structurae database
  12. ^ Pont de Normandie on Structurae database
  13. ^ Vinci website: Stade de France

[edit] External links

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