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Vinci : JV Wins $403 Million Highway-Extension Contract

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12/07/2018 | 03:43am EST

By Patrick Costello

Vinci SA's (DG.FR) Eurovia has won a design-bulid contract for a highway in North Carolina via its subsidiary Blythe Construction, Vinci said Friday.

The French construction company said Eurovia won the design-build contract for the N.C. 540 Triangle Expressway Southeast Extension in Raleigh, North Carolina, in a joint venture with the Lane Construction Corporation.

The $403 million project will extend the existing Triangle Expressway and is designed to improve the highway system in the greater Raleigh area. The project covers the design and construction of a six-lane, 12.8-kilometer highway and is scheduled for completion in 2022, Vinci said.

Write to Patrick Costello at Patrick.Costello@dowjones.com.

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Financials (€)
Sales 2019 45 715 M
EBIT 2019 5 371 M
Net income 2019 3 241 M
Debt 2019 17 226 M
Yield 2019 3,51%
P/E ratio 2019 14,25
P/E ratio 2020 13,13
EV / Sales 2019 1,45x
EV / Sales 2020 1,37x
Capitalization 49 279 M
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Number of Analysts 25
Average target price 94,8 €
Spread / Average Target 15%
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Xavier Huillard Chairman & Chief Executive Officer
Christian Labeyrie Chief Financial Officer & Executive Vice President
Lars Nordin Director of Finance
Yves-Thibault de Silguy Vice Chairman
Jean-Pierre Lamoure Director
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