PARIS (Reuters) – Vinci expects an increase in its results in 2016, the increase in motorway tolls and greater selectivity in order taking to enable it to offset a still uncertain economic environment.
the construction group and concessions reported Thursday a drop of 17.7% in net profit in 2015 to € 2.05 billion, reflecting a particularly unfavorable comparison related to the transfer last year of a majority of its car parks operating activity.
Excluding non-recurring items, net income rose 10.7% to 2.11 billion euros, for a turnover of 38.5 billion, down 0.5% on an actual basis and up 0.2% excluding Vinci Park.
The group, which proposes to reduce its dividend 1.84 per share (against 2.22 euros in 2014 of which 0.45 euro special dividend), added predict for 2016 a possible slight decrease in sales on a comparable structure, but an increase of operating income and net income.
“in a market (construction / energy) to be stabilizing in France and still uncertain in certain areas abroad, the priority for companies Vinci still improved margins before volumes of research, “said in a statement.
in concessions, the return of higher tolls to February 1, 2015 after the gel should compensate likely slower growth of motorway traffic, Vinci said.
at the airport, one of the major strategic areas of the group, activity should continue to grow, but at a slower pace that in 2015, on a comparable basis, as Vinci Airport has been active in terms of external growth, Portugal in Japan in recent years.
(Gilles Guillaume; editing by Marc Angrand)
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