VINCI : Meeting in December
>Recap on the H1 2023 earnings report - Our comments on the H1 2023 earnings can be found in our flash of 28 July (“Still in good shape”). Our takeaways from the conference call can be found below. The devil is in the detail; the group has ultimately slightly raised its full-year guidance. The group now expects FCF at the upper end of its range of € 4.0-4.5bn, i.e. closer to € 4.5bn. In construction, VINCI expects trends to remain positive (vs stable) with margin grow...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.
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