Consolidated net income target for 2012 updated to reflect tax measures adopted in France

4 January 2013 - Finances

When it published its quarterly information at 30 September 2012, VINCI announced its net income outlook for 2012 as follows (1):

“In terms of operating and net incomes, despite the margin pressure being felt in some sectors and countries, VINCI was targeting levels close to those reached in 2011 before taking into account the new tax and social charges being considered in France.
Ongoing discussions surrounding the proposed 2013 French Finance Law (le Projet de Loi de Finances 2013) imply that these new charges could negatively impact VINCI’s 2012 net income, which could be down by 3% to 4% compared to its 2011 level.”

The 2013 French Finance Law was enacted on 29 December 2012, removing the uncertainties regarding the tax charges applying to 2012.

Consequently, VINCI is updating its consolidated net income target for 2012, which is expected to come in at a level close to that reached in 2011.

 

2012 annual financial statements will be released on 5 February 2013 after close of trading on the stock market.

(1) Press release of 25 October 2012

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 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.