Vinci 2019 Revenue Increased, Raises Dividend
February 05 2020 - 2:28AM
Dow Jones News
By Giulia Petroni
Vinci SA (DG.FR) said Wednesday that revenue for 2019 and
proposed an increased dividend for the period.
The French construction and infrastructure company said
consolidated revenue for the full year was 48.1 billion euros
($53.15 billion) compared with EUR43.52 billion a year earlier.
Operating profit at the group's concessions business, which
manages toll roads and airports, rose 5.8% on a like-for-like basis
to EUR8.5 billion, the company said. Organic growth was 5.4% higher
on year.
The company said it would propose a 2019 dividend of EUR3.05 a
share at the shareholders' meeting on April 9, up from EUR2.67 for
2018.
Looking ahead, Vinci said it expects further growth in revenue
and net income for 2020, but that this is likely to be more limited
than in 2019 due to "the high base for comparison and barring major
new acquisitions."
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 05, 2020 02:13 ET (07:13 GMT)
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