The performance has led the company to raise its targets for the rest of 2011 and it is looking at estimated revenue growth of about 7% and an expected increase in net income between 5% and 6%.
Revenue for the first half of 2011 was 鈧�17.3bn, up from 鈧�14.8bn last year. The operating profit from ordinary activities grew to 鈧�1.57bn from 鈧�1.36bn.
The 鈧�30bn order book at 30 June represents a 12% rise on last year鈥檚 鈧�26.8bn.
The revenue increase reflects growth in contracting, the robustness of motorway concessions and the positive impact of acquisitions made in 2010. Concessions saw growth in Vinci Autoroutes鈥� traffic and toll revenue as well as the development of other concessions. In particular Vinci Airports, generated a 5.2% increase in revenue. The first half of 2011 was also marked by the signature of the concession contract for the South Europe Atlantic high-speed rail line (LGV SEA) between Tours and Bordeaux.
Contracting, which covers Energy, Eurovia and Vinci Construction, saw a continuation of the return to growth observed since the second half of 2010. On a comparable structure basis, the three business lines鈥� revenue for the first half of 2011 was up 9.5%. Order intake for the period, which includes almost 鈧�4.2 billion in respect of the LGV SEA contract, increased almost 26% on a comparable basis. The order book at 30 June 2011 reached the record high of 鈧�30 billion. It increased 12% over 12 months and 16% since 1 January 2010.
The company said that in a more volatile economic and financial environment, Vinci is benefitting from the resilience of its integrated construction-concession operation business model, a varied portfolio of businesses and expertise, and its positioning in buoyant markets - mobility, urbanisation, energy and environment - around the world. 聽
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