Vinci underperformed in H1 20 due to its significant exposure to concessions (especially airports) as well as to France which faced one of the strictest lockdowns in Europe. However, it continues to have a good order book in its contracting business and remains positive that it may even come up with 2021 margins better than last year’s in its construction activities. The group continues to have a strong balance sheet but the board has decided not to pay an interim dividend.
02 Aug 2020
H1 20: concessions and France caused double trouble
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H1 20: concessions and France caused double trouble
VINCI SA (DG:WBO) | 0 0 1.1% | Mkt Cap: 49,071m
- Published:
02 Aug 2020 -
Author:
Sejal Varshney -
Pages:
3
Vinci underperformed in H1 20 due to its significant exposure to concessions (especially airports) as well as to France which faced one of the strictest lockdowns in Europe. However, it continues to have a good order book in its contracting business and remains positive that it may even come up with 2021 margins better than last year’s in its construction activities. The group continues to have a strong balance sheet but the board has decided not to pay an interim dividend.