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Nearly half of Vinci's contracting work is now outside France

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French construction giant Vinci now does almost half its contracting work outside its home country, figures have revealed.

The firm, which has its group headquarters just outside Paris and a UK head office in Watford, secured more than 47% of its 2015 contracting revenue from outside France.

This figure – stated in Vinci’s 2015 annual results published this week – was up from about 43% the year before.

The report said the rise “reflects the group’s strategy of increasing its presence in international markets”.

Global revenue was down 0.5% to £38.5bn in 2015, while earnings before interest, tax, depreciation and amortisation – a measure of pre-tax profit – rose 1.9% to £5.7bn.

Vinci chairman and chief executive Xavier Huillard said: “The contracting business remained affected by weak market conditions in France and a more uncertain operating environment worldwide – caused in particular by lower oil prices – but margins were resilient and order intake increased in the second half.”

He added: “Vinci is starting 2016 with confidence and we are aiming for further earnings growth.”

New Civil Engineer this week reported that Vinci subsidiary Ringway had been named as preferred bidder for a £76M roads deal in the UK.

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