VINCI - 2005 annual report

KEY FIGURES
In € millions and as a percentage of revenue
REVENUE OPERATING PROFIT
FROM ORDINARY
ACTIVITIES
3,115 3,339 3,509
2003 2004 2005
* Before taxes and fi nancing costs.
VINCI ENERGIES’ COMPETITIVE POSITION IN ITS MAIN MARKETS
France: VINCI Energies is the biggest operator in terms of revenue.
The other leading players in the electrical engineering sector are
Cegelec, Amec Spie, Forclum (Eiffage), Ineo (Fabricom), ETDE
(Bouygues) and Clemessy (Dalkia). In electrical engineering
(accounting for over 40% of VINCI Energies’ business activities in
France), VINCI Energies has a market share of some 10%.
52
3.
4.
2.
Sources: Le Moniteur (30 Sept. 2005); internal studies.
1.
VINCI 2005 ANNUAL REPORT
164 178
2004 2005
REVENUE
BY BUSINESS LINE
NET PROFIT CASH FLOW FROM
OPERATIONS*
95 106
2004 2005
221 215
4.9% 5.1% 6.6% 6.1%
1. Industry 38%
2. Service sector 28%
3. Telecommunications 13%
4. Infrastructure 21%
Total 100%
2.
6.
5. 7.
4.
3.
2004 2005
1.
NET FINANCIAL
SURPLUS
416 518
2004 2005
REVENUE BY
GEOGRAPHICAL AREA
1. France 73%
2. Germany 12%
3. Central
and Eastern Europe 3%
4. Other European countries 4%
5. Netherlands 3%
6. Sweden 2%
7. Spain 3%
Total 100%
Germany: VINCI Energies is a major player in thermal engineering
(insulation, fi re protection, climate engineering), which accounts
for two-thirds of its revenue. Its competitors in this segment are
Reinhold & Mahla (Bilfi nger Berger Group) and Thyssen Krupp in
insulation and Minimax and Total Walter (Tyco) in fi re protection.