CFE - 2006 annual report - Vinci

Well-managed growth
With a 19% increase in revenue, a 26%
increase in operating profit and a 60%
increase in net profit after taxes, not to
mention the significant increase in the
share price, clearly 2006 has been a satis-
fying year for the CFE group.
Every operating unit has contributed to this
improvement: DEME, in which CFE has
a 50% stake, benefited from the healthy
conditions in the world dredging market.
However, all the other activities of the
group also experienced strong growth in
volume and profits, all of which has result-
ed in strong overall results.
In construction, the largest sector from a revenue point of view, CFE teams did well in the
Benelux and in Central Europe, while at the same time preparations went on for large-
scale civil engineering design & construct projects in Flanders.
In real estate, the sale of the “Dôme” in Luxembourg and older assets in Belgium provided
the company with very strong results.
In multitechnics, the performance of the group’s companies has reached historic levels.
Taking advantage of strong economic conditions, for the first time in its history CFE called
on its shareholders to ensure its future development. The injection of 46.8 million Euro in
new capital was a success and allows us to face the future with confidence and renewed
ambition.
In 2006, we welcomed 432 new employees. We will continue our recruitment in 2007,
as it is essential for our expansion.
The outlook for 2007 is very positive thanks to the high level of the order book. Confident in
the future, we will continue to develop CFE by relying on the skills and energy of our grow-
ing number of increasingly motivated employees to continue to satisfy our customers.
R e n a u d B e n t é g e a t P h i l i p p e D e l a u n o i s
Managing Director President of the Board of Directors
A N N U A L R E P O R T 2 0 0 6
126 th corporate
financial year