A strong performances from its highways, materials and civil engineering businesses drove the recovery at the group which has been corporately restructured combining Eurovia and mainstream construction into a new unified UK group.
Revenue, including joint ventures, across the five main operating businesses rose 7% to £2.45bn.
Eurovia, Ringway and Taylor Woodrow all posted operating returns above 4%, with highways maintenance, specialist surfacing, and major infrastructure schemes underpinning the rebound.
But the overall result was tempered by heavy provisions against legacy risks in the building and facilities businesses, linked to historic fire safety claims, fixed-price contracts, and PFI disputes.
The new consolidated business accounts detail extra provisions of £24m for construction project losses taking the running total to £88m at year-end, and extra provisions of £8m for after sales service relating to warranties on completed projects, taking this total to £80m.
| Vinci Construction group operations trading | ||||
| Business | Revenue | % change | Operating profit | Op. margin % |
| Eurovia | £197m | 11% | £10.1m | 5.1% |
| Ringway | £565m | 8% | £29.3m | 5.2% |
| Taylor Woodrow | £381m | -3% | £17.1m | 4.5% |
| VINCI Building | £606m | 9% | £10.7m | 1.8% |
| VINCI Facilities | £598m | 9% | -£18.9m | -3.2% |
Chief executive Scott Wardrop said the results marked a pivotal point in the group’s three-year recovery plan following the 2023 merger of Eurovia UK and Vinci PLC into Vinci Construction Holding.
“Our Eurovia, Ringway and Taylor Woodrow businesses all had exceptional results in 2024,” he said.
“But due to the impact of the significant provisions made for VINCI Building and VINCI Facilities risks, the group’s second full year trading was suppressed.
“We now have a three-year plan for each business and unit, and we plan to deliver a 3% operating result in 2025, the last year of our recovery plan.”
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Vinci said the order book surged 71% to £3.4bn by the year end, supported by contract wins in the highways, rail, energy and defence sectors. It also held a cash balance of £597m.
Vinci entered the new 2025 financial year buying a 100% stake in highways contractor FM Conway to boost its highways and materials footprint across London and the South East.
Following this, the group bolstered the balance sheets of its building and facilities companies, injecting £61m into Vinci Construction UK, £60m into Vinci Building, and £45.7m into Vinci Limited to support working capital and strategic delivery.
Wardrop said the group’s financial firepower, combined with the backing of shareholder Vinci Construction SAS, positioned the UK business to deliver sustainable growth.
“We have endured significant change in our careers, but this period has been unprecedented. It has enabled us to evolve through optimisation, innovation, and, when necessary, transformation. We are emerging as a strong and resilient dynamic UK infrastructure group.”
