John Lynch: 'Vinci's airport business would appeal to Leonardo' - News Summed Up

John Lynch: 'Vinci's airport business would appeal to Leonardo'


The building business has some notable achievement to its credit like the Aswan Dam, the Pompidou Centre and the Channel Tunnel. The 'core' of Vinci's business and the source of much of its profits, is winning and operating government infrastructure concessions. The group's present strategy is to focus on airport concessions which are extremely profitable with margins of 24pc. After snapping up Gatwick, Vinci is turning its attention to Airport de Paris (ADP) owner of Orly and Charles de Gaulle airports. It made a profit of €2.7bn with margins of 6.7pc on revenues of €41bn a healthy profit rate for the business it operates in.


Source: Irish Independent February 18, 2019 02:26 UTC



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