Vinci Tops Market in Paris After Signaling Upbeat 2017 Prospects
Vinci topped the CAC 40 in Paris on Wednesday after Europe's largest construction firm reported double-digit earnings growth and sounded an upbeat tone on the outlook for the year ahead.
Vinci (VCISF) topped the CAC 40 in Paris on Wednesday after Europe's largest construction firm reported double-digit earnings growth and sounded an upbeat tone on the outlook for the year ahead.
Revenue for the year ending Dec. 31 was a little over €38 billion ($40.2 billion), the company said, down 1.2%, as weakness elsewhere in Europe offset a stable revenue performance in France, while operating income was up 11.1% to €4.2 billion and adjusted net income was 16.2% higher at €2.37 billion. Diluted earnings per share rose by 15.8% for the period, to €4.24, supporting a double-digit increase in the full-year dividend, which was set at €2.10.
