In 2016 VINCI PLC returned to a positive trading position, achieving a net result of £11.1 million (2015 £68 million loss) on a turnover of circa £949 million (2015 £935 million). Cash generation of £0.6 million increased cash balances at the year end to £62.6 million (2015 £62.0 million).
The return to profitability reflects the satisfactory conclusion of a number of legacy projects as well as a more rigorous approach to operations and selective bidding.
Commenting on the results, Bruno Dupety, Chairman and CEO of VINCI Construction UK and VINCI PLC said: “We are starting the year with a total order book worth £1.047bn and have 75 % of our 2017 budget secured. We will continue to work on improving efficiency, delivery and productivity of our operations throughout the year. We are confident the net profit will be at least at the same level in 2017.”