By Nina Kienle

Vinci posted higher revenue and earnings for 2024, and appointed Pierre Anjolras as its new chief executive.

The French construction and infrastructure firm said net profit was 4.86 billion euros ($5.06 billion), up from 4.70 billion euros in 2023 and above analysts' expectations of 4.67 billion euros, according to consensus estimates provided by Visible Alpha.

Revenue rose to 71.62 billion euros from 68.84 billion euros, coming in slightly above analysts' expectation of 71.18 billion euros, according to the same consensus. This was achieved despite higher taxation on French motorways, Vinci said.

Earnings before interest, taxes, depreciation and amortization finished the year at 12.69 billion euros, up from 11.96 billion euros. Analysts had estimated Ebitda of 12.54 billion euros.

Free cash flow hit a new all-time high, rising to 6.81 billion euros from last year's 6.63 billion euros.

Order intake also rose 13% to 66.3 billion euros.

The company proposed a dividend of 4.75 euros a share.

Pierre Anjolras was appointed the group's new chief executive officer. A plan to find current CEO Xavier Huillard's successor was announced last May, when Anjolras was appointed chief operating officer. He will step into his new role after the shareholder's general meeting on April 17, Vinci said.

Looking ahead, Vinci said it expects to see further growth in both revenue and earnings, excluding the impact of higher corporate taxation in France.

"In a more uncertain economic and geopolitical environment, the group has thus good visibility on its future business levels and has begun 2025 in a quietly confident mood," Huillard said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

February 06, 2025 12:46 ET (17:46 GMT)

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