Vinci : Excellent year in prospect in 2022
>FCF between € 4bn and € 5bn: the new normative level! - Once again, the nice surprise with this full-year earnings release from Vinci was its cash generation which came in at € 5.3bn (vs € 3.3bn expected by the consensus), well ahead of the level in 2020 (€ 3.99bn) and even in 2019 (€ 4.2bn), while EBITDA remains 7% below. Excellent WCR management (+€ 1.6bn), notably at Vinci Energies and Vinci Construction, seems to be the main explanation.While management emph...Vinci is engaged in building, civil engineering and facilities management. Through its subsidiaries, Co. is engaged in five divisions comprising of: the Building division which provides retail solutions including construction and fit-out in both the retail and commercial sectors; the Civil Engineering division; the Air division which provides program management, engineering and construction services to customers with airport infrastructure requirements; the Technology division; and the VINCI Facilities division which provides facilities management, repair and maintenance and small works in both the private and public sectors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.