Investing.com -- France’s Vinci (EPA:SGEF) reported a 4% rise in first-quarter revenue to €16.3 billion on supported by higher motorway and airport traffic as well as international momentum in energy projects.
The company reaffirmed its 2025 guidance and announced leadership changes effective May 1.
Revenue from its Concessions unit rose 8%, driven by increased traffic on Vinci Autoroutes and a continued recovery in passenger volumes at Vinci Airports.
Energy Solutions posted 6% growth on the back of strong international activity and order intake, while construction revenue stabilized at a high level with order intake rising at Vinci Construction.
The group maintained its full-year outlook, first outlined in February, citing its decentralized and multi-local business model as a source of resilience amid a “particularly troubled environment.”
Vinci continues to expect slight growth in Autoroutes traffic and a further increase in airport passenger numbers, albeit at a slower pace than last year.
Energy revenue is forecast to grow at a similar rate to 2024, and construction activity is seen holding near current levels.
Vinci also announced the appointment of Pierre Anjolras as Chief Executive Officer, succeeding Xavier Huillard, who will remain Chairman of the Board.