Report
Sven Edelfelt

Vinci : Outperform confirmed after a good H1 2022

>Concessions: pleasant surprises on airports, LV traffic uncertain - At the analysts' meeting following the Vinci's H1 results release (see First Take of 29 July), management broadly confirmed the trends observed in Q2. The performance of the airports business topped expectations thanks to the rebound in tourism, which justified the upward revision to traffic guidance to 70% of 2019 traffic (vs 60% previously). This recovery has - thanks to cost savings - facilitated ...
Underlying
VINCI SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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