Vinci, the French infrastructure company, has announced a positive financial performance for the first half of the year. The company reported a net profit of 2.09 billion euros ($2.30 billion), surpassing last year's figure of EUR1.90 billion. Total sales also saw a significant increase, rising by 14% to reach EUR32.73 billion.
Strong Growth Across All Business Segments
Vinci attributed its success to growth across all three of its core businesses. The company received EUR31.2 billion in new orders during the period, and its orderbook grew by 9% to reach EUR61.5 billion by the end of June.
Interim Dividend Announcement
In addition to their strong financial performance, Vinci's board has approved an interim dividend of EUR1.05 per share, which will be paid in November.
Positive Cash Flow Reversal
Vinci's positive momentum is further highlighted by a significant improvement in cash flow. The company managed to achieve positive cash flow of EUR261 million in the first half, a notable turnaround from the prior-year cash outflow of EUR281 million.
This positive financial performance reaffirms Vinci's confidence in achieving its 2023 guidance.