Vinci provides a slight increase in its net profit in 2010.

Philippe Wojazer

In early March, the Chief Executive expected a stabilization of activity. It now expects a slight increase.

Vinci anticipates a slight increase in net profit in 2010, the year should be marked by a small rebound in all activities, "said Director General of the world leader in construction and concessions over annual general meeting of the group.
Vinci, who in 2009 reached a net profit, group share, of 1.596 billion euros, still expects a stable operating margins and investment at the same level as last year.
The event, which he foresaw a stabilization in early March after falling 4.6% of sales recorded in 2009, the year of crisis for the sector is now expected to slightly increase.
Xavier Huillard anticipates a further growth of car traffic on highways Vinci, estimated at 1% for the whole year, and a bounce e 1,5% to 2% of heavy goods traffic, thus giving a total toll revenue growth of 2.5%.
"This figure is probably a little cautious and conservative when we see what we have done in the first quarter," he said.
In the pole contracting (construction, roads and energy), the prospects are more uncertain.
"The biggest uncertainty today is about the level of investment made by local authorities, particularly in France, those budgets were severely strained and we begin to see the effects in the wrong direction in terms of activity," Xavier Huillard continued.
"However, Cegelec will enable us to record a slight overall growth of our business volumes (in contracting)," he added, confirming that Cegelec will be consolidated into the group at the time of the mid April.
The shareholders were asked to vote on the reunification of the functions of chairman and CEO, who must return to Xavier Huillard. Yves-Thibault de Silguy, who held up the office of President, shall inherit the title for her novel of "vice president director referent.
It will assist the CEO in the framework of an agreement for services signed between Vinci and society YTSeuropaconsultants, which he founded and of which he is the sole shareholder. Yves-Thibault de Silguy also decided to assert his right to retire at the date of April 30.