Vinci : Feedback from road show: while waiting for trees to grow to the skies...
>Concessions: solid growth - We accompanied Vinci’s CFO and IR on a road show in Germany.In concessions, growth remains supported by i/ motorway tariffs (after just under +2% in 2019, we expect tariffs to rise in 2020 to around 1.3% (based on a benchmark inflation estimate of 1%) and ii/ airport traffic growth (the group is not currently observing a change in trend related to the "flight shame†movement in particular and still expects market growth of around 3% i...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.
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