Vinci maintains 2025 targets thanks to record order backlog

French group Vinci posted revenue growth in the third quarter, supported by all its divisions, and reaffirmed its ambitions for 2025 despite a more restrictive tax environment.

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Vinci has confirmed its financial targets for 2025 following a third quarter marked by a 4.7% increase in revenue, reaching €19.4bn ($20.54bn), compared to €18.5bn ($19.59bn) in the same period in 2024. The French conglomerate, active in motorway concessions, airport infrastructure, construction and energy services, reported continued positive momentum across all of its business lines.

Solid growth over nine months

Over the first nine months of the year, Vinci recorded cumulative revenue of €54.3bn ($57.51bn), up 3.7% compared to the same period last year. The group, which generates more than 42% of its activity in France, also reported growth in international markets, which now account for 70% of its order intake.

The order backlog — a key indicator of future business — stood at €70.6bn ($74.74bn) as of September 30, 2025, up 2% compared to the end of 2024 and 6% year-on-year. This volume represents 14 months of average business and increased across all business lines, according to figures released by Vinci.

Strategy continues despite tax pressures

Despite a 5% drop in net profit in the first half, amounting to €1.9bn ($2.01bn), Vinci maintained its 2025 outlook. The group expects further growth in both revenue and profit, while factoring in the anticipated impact of increased corporate taxation in France.

Operating in more than 120 countries with 285,000 employees, Vinci is relying on its diversified portfolio and international footprint to mitigate the effects of regulatory and fiscal pressure in the domestic market.

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