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| Type | Société Anonyme (Euronext: DG) |
|---|---|
| Founded | 1899 |
| Founder(s) | Alexandre Giros, Louis Loucheur |
| Headquarters | Rueil-Malmaison, France |
| Area served | Worldwide |
| Key people | Yves-Thibault de Silguy (Chairman of the board), Xavier Huillard (CEO) |
| Industry | Construction, civil engineering |
| Services | Infrastructure and property construction, transport infrastructure concessions (motorways, tunnels, bridges, car parks), energy infrastructure and services |
| Revenue | €33.93 billion (2008)[1] |
| Operating income | ▲ €3.276 billion (2008)[1] |
| Profit | ▲ €1.591 billion (2008)[1] |
| Employees | 164,060 (2008)[1] |
| 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 and electrical engineering company, formerly called Société Générale d'Enterprises. It employs over 164,000 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.
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History
The company was founded by Alexandre Giros and Louis Loucheur as Société Générale d’Entreprises S.A. (SGE) in 1899[3].
In 1986 SGE acquired Sogea, a business founded in 1878[3].
In 1988 the company acquired Campenon Bernard, a business founded in 1920[3].
In 1991 SGE acquired Norwest Holst, a company founded in 1969[3].
In 2000 it changed its name to Vinci[3].
In 2001 it acquired Groupe GTM itself a combination of Dumez, founded in 1880, and GTM founded in 1891[3].
In 2006 the company acquired Autoroutes du Sud de la France (the Southern Freeways Company)[4].
In February 2007 Vinci completed the acquisition of Soletanche-Bachy, the world-leading geotechnical specialist contractor[5].
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[6].
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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Turnover analysis
The turnover is split as follows:[7]
- 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.
Major projects
Vinci and its predecessor companies has been involved in many major projects including the Gariep Dam completed in 1971[8], the Tour Montparnasse completed in 1972[9], the Centre Georges Pompidou completed in 1977[10], the Yamoussoukro Basilica completed in 1989[11], the new visitor entrance to the Louvre completed in 1989[12], the Channel Tunnel completed in 1994[13], the Pont de Normandie completed in 1995[14], the Stade de France completed in 1998[15] and the Rio-Antirio bridge, completed in 2004.
Investors
The investors comprise:[7]
- Institutional investors - 69.97 %
- Employees - 8.5 %
- Individual shareholders - 7.2 %
- François Pinault - 5.08 %
- Financière Pinault - 4.98 %
- Morgan Stanley & Co International - 4.92 %
- Société Générale - 2.81 %
References
- ^ a b c d "Annual Report 2008" (in French). Vinci. http://publi.vinci.com/docs/rapannu/vinci-rapport-annuel-2008b-fr.pdf. Retrieved 2009-04-19.
- ^ 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.
- ^ a b c d e f Vinci website: company history
- ^ Autoroutes du Sud de La France history
- ^ Contract Journal
- ^ Vinci website: SGE history
- ^ a b Euronext
- ^ Vinci website: Hendrik Verwoerd Dam
- ^ Vinci website: Tour Montparnasse
- ^ Vinci website: Centre Georges Pompidou
- ^ Vinci website: Basilica of Our Lady of Peace of Yamoussoukro
- ^ Vinci website: Louvre
- ^ Channel Tunnel on Structurae database
- ^ Pont de Normandie on Structurae database
- ^ Vinci website: Stade de France
External links
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