Vinci Sa Act (VCISF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

gentlemen, welcome to the Vansi Q1 Revenue 2025 Conference Call. I now hand over to Gregoire Thibault, Head of Investor Relations of Vansi. Sir, please go ahead. Thank you, Heidi. Hello and thanks for attending this conference call. I'm today with the Investor Relations team and Marie-Amélia Faulk, the Group Controller. As usual, I will be brief to have more time for the Q&A and because I know there are other publications. And of course, for you this evening. What are the key takeaways of this Q1 publication? First, a solid performance overall to start the year, with total revenue up 4% to 16.3 billion euros, mainly driven by international, which is up 6%. And international represents more than 56% of our total revenue. Point number two, for Q1, please keep in mind that for concession, traffic is up year on year on motorways and on airports. For the energy solution business, made up of Vinci Energy and Cobra S, a dynamic international momentum and a good order intake in flow business. For construction, stabilization of revenue, as expected, at a high level while order intake of Vinci construction are up. I will give you more granularity later. Point number three, the group's order intake are down 2 billion euros versus Q124, but no worries, that's due to high comps at Cobra S. Indeed, recall that the order intake in Q124 included two offshore wind farm energy converter platforms worth 2.5 billion euros. Adjusted For this order, order intakes are up by almost 4% this quarter, with a buoyant flow business level. As a result, the order book of Vinci reached a new all-time high of 72 billion euros at the end of March, up 8% year-on-year and up 4% versus December 24. It represents more than 14 months of average activity, 14.5 months to be exact and to be fair, and that's ...