It foresees to complete this year the acquisition of Gatwick airport
The French industrial group Vinci posted a net profit of 2,983 million euros in the whole of 2018, an increase of 8.6% compared to the previous year, as reported by the company, which recorded a steady growth in the number of passengers in the airports it manages.
“The airport division registered a steady growth in the number of passengers in almost all its locations,” added the company’s first executive, Xavier Huillard.
With the incorporation of the airports of Salvador (Brazil), Kobe (Japan) and Belgrade (Serbia), it already has a total of 45 of these infrastructures in its portfolio. During 2018, the total number of passengers that passed through those airports was 195 million, 6.8% more.
“In 2019, upon completion of the process of acquiring a majority stake, Vinci Airports will include the London-Gatwick airport,” Huillard detailed. In this way, Gatwick will become the largest airport in the hands of Vinci, after registering 46 million passengers in 2018.
In general, the group increased its turnover by 8.1% in 2018, to 43,519 million euros. By business segment, the toll road concession division advanced by 1.5% to 5,356 million euros, while revenue from airport concessions rose by 14% (1,607 million euros).
On the other hand, Vinci’s construction division had a turnover of 14,231 million euros, 1.9%, followed by the energy division, which increased its turnover by 17% to 12,603 million euros. The subsidiary Eurovía grew by 10.1% during 2018 and reached 8,934 million euros in revenue, while the real estate division stood at 1,104 million euros, representing an increase of 23.3%.
By markets, Vinci achieved a turnover of 24,768 million euros in France, 4.6% more, while in the rest of the world it stood at 18,751 million euros, 13.2% more.
“Vinci’s performance in 2018 was outstanding and reflects the strength of its construction and concessions business in France and abroad,” said Xavier Huillard, president and CEO of the company.