FY19 was a good year for Vinci with top line growth of 10% to €48.1bn (with growth being observed along all the divisions and geographies of operations). NI went up by 9% to €3.3bn. Overall, the company fared better than the consensus and expects single digit growth in 2020. The company will pay a dividend of €3.05/share. We believe that we have already priced in the current and expected performance in our target price.
06 Feb 2020
Back on its toes after previous year’s fall
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Back on its toes after previous year’s fall
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
06 Feb 2020 -
Author:
Sejal Varshney -
Pages:
3
FY19 was a good year for Vinci with top line growth of 10% to €48.1bn (with growth being observed along all the divisions and geographies of operations). NI went up by 9% to €3.3bn. Overall, the company fared better than the consensus and expects single digit growth in 2020. The company will pay a dividend of €3.05/share. We believe that we have already priced in the current and expected performance in our target price.