VINCI PLC 2009 Results

In 2009, VINCI PLC achieved record turnover of £1.16 billion (2008 £1.02 billion). This featured the first full year’s turnover of Taylor Woodrow following its acquisition in September 2008. On a comparable basis, consolidated Group turnover was down 17% on 2008, reflecting the very difficult market conditions.

Profit before tax remained largely unchanged at £15.4 million (2008 £16.2 million) despite a fall in net financial income from £9 million to £2 million as a consequence of the dramatic fall in interest received on cash deposits.

Satisfactory cash generation of £10 million (after dividends paid of £11 million) increased cash balances at the year end to £147 million (2008 £137 million).

The outlook for 2010 remains difficult, but we believe VINCI PLC remains in a strong position to ride out the downturn.

– John Stanion, Chairman & Chief Executive, VINCI PLC