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VINCI

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Real-time Euronext Paris  -  11:37 2022-08-10 am EDT
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VINCI wins a rail works contract in France

06/27/2022 | 11:46am EDT

Nanterre, 27 June 2022

VINCI wins a rail works contract in France

  • Renovation of 675 km of track on the French rail network
  • A 5-year contract
  • €118 million

SNCF Réseau has awarded works package 2 of a contract relating to industrial track renovation to ETF, a VINCI Construction subsidiary. This contract is part of the performance plan agreed upon between the French State and SNCF Réseau, which operates France's rail network, on 6 April 2022.

This 5-year contract, with an initial value of €118 million, will take effect in January 2024. It will involve replacing an average of 135 km of track per year using two ETF-proprietary systems: a 550 metre long factory train that will replace tracks and fasteners, and a new 432 metre long rail transport train that will carry new tracks to the worksite and remove old ones from it.

ETF will be able to leverage the experience it acquired on the contract involving track and ballast renovation in built-up areas, which it reached with SNCF Réseau in 2015.

About VINCI

VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com

This press release is an official information document of the VINCI Group.  

PRESS CONTACT
VINCI Press Department
Tel: +33 (0)1 57 98 62 90
media.relations@vinci.com

Attachment


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Sales 2022 58 693 M 60 752 M 60 752 M
Net income 2022 3 916 M 4 053 M 4 053 M
Net Debt 2022 18 164 M 18 802 M 18 802 M
P/E ratio 2022 13,9x
Yield 2022 3,95%
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EV / Sales 2022 1,21x
EV / Sales 2023 1,13x
Nbr of Employees 218 569
Free-Float 86,0%
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Number of Analysts 20
Last Close Price 93,49 €
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Managers and Directors
Xavier Huillard Deputy General Manager & Senior EVP
Christian Labeyrie Chief Financial Officer & Executive Vice President
Robert Castaigne Independent Director
Yannick Assouad Lead Independent Director
Graziella Gavezotti Independent Director
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