COVID-19 “severely impacted” the business of Europe’s largest contractor, France-based Vinci Group, according to chairman and CEO Xavier Huillard, In announcing the firm's interim annual results on Feb. 5. By contrast, Sweden’s Skanska A.B, made “record high profits,” said president and CEO Anders Danielsson on the same day.
Vinci Group’s sales fell nearly 10% to $51.7 billion with profit before interest and tax dipping nearly 3% to $3.4 billion. Revenue fell by 12.9% in France, and by 6.9% internationally, raising the share of foreign business from 45% to 47%.