Vinci : Q1 sales beat forecasts, Vinci’s well positioned for the recovery
>Flat Q1 sales, much better than expected - Vinci reported flat sales growth in Q1 (-3.3% in organic terms), well ahead of consensus expectations (-6% expected).In the concessions segment, Vinci Autoroutes posted a fall of 5%, hurt by a decline in traffic of 8.6% (-9.7% for LV and -3% for trucks). After growth of 8.8% in the first two months of the year (+10% in LV and +2.8% for trucks), traffic slumped by 39% in March. Vinci Airports (+24.2%) continues to benefi...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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