Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Taylor Woodrow takeover helps boost Vinci sales

Vinci said its £74 million acquisition of Taylor Woodrow in September last year has helped it become a principle infrastructure, nuclear and PPP player in the UK.

The French construction giant singled out the acquisition as one of the key highlights of 2008 in which the group recorded sales of 33.5 billion euros (£30.6 billion) up 10 per cent on 2007.

Vinci’s international revenue, which makes up 37 per cent of the total, grew almost 17 per cent thanks to acquisitions including Taylor Woodrow as well as organic growth, the firm said.

The firm’s 2008 results showed net profit of 1.6 billion euros (£1.46 billion), up 9.4 per cent from 1.45 billion euros (£1.33 billion)

Vinci said its order book now stands at 23.2 billion euros (£21.2 billion), up 8 per cent over twelve months.

The firm’s debt reduced by 900 million euros (£824 million) to 15.3 billion euros (£14 billion).