French earnings calls, October 2026: VINCI confirms its fiscal 2026 growth guidance
VINCI's chief financial officer said the French group confirmed its fiscal year 2026 guidance for revenue and net-income growth. The officer said revenue reached EUR 56 billion in the first nine months, up 3%.
An update from FactIQ, written from company statements in earnings calls of companies listed in France. What is FactIQ?
Key figures
- VINCI, revenue, first nine months of fiscal year 2026
- EUR 56 billionstated by the chief financial officer; up 3% on an actual basis and 2% like-for-like
- VINCI, free cash flow guidance, fiscal year 2026
- EUR 6 billionstated by the chief financial officer; free cash flow potentially reaching this level
- VINCI, revenue growth, third quarter of fiscal year 2026
- 5%stated by the chief financial officer; after 4% in the second quarter and stable revenue in the first quarter
- VINCI, share buyback level
- EUR 2 billionstated by the chief financial officer; level maintained to preserve liquidity and refinancing flexibility
VINCI expects further growth and cash generation in fiscal year 2026
VINCI's chief financial officer spoke on the call held on 2026-10-22.- The chief financial officer said VINCI confirmed its fiscal year 2026 guidance for further revenue and net-income growth. Under that guidance, free cash flow (the cash left after operating costs and investment) could potentially reach EUR 6 billion. EUR stands for euros.
- The chief financial officer said VINCI maintained its share buyback at EUR 2 billion. The stated aim is to preserve liquidity and refinancing flexibility.
- The chief financial officer said VINCI was confident the Safeway acquisition would close before the end of fiscal year 2026, pending authorization in India.
- The chief financial officer said VINCI maintains strong expectations for data-center opportunities in the coming months. The officer added that progress is slower than VINCI anticipated in July.
VINCI said its revenue growth reached 5% in the third quarter
- The chief financial officer said revenue was stable in the first quarter of fiscal year 2026. It grew 4% in the second quarter and 5% in the third quarter.
- The chief financial officer said revenue in the first nine months of fiscal year 2026 rose 3% on an actual basis. On a like-for-like basis, which excludes changes such as acquisitions, it rose 2%.
- The chief financial officer said revenue outside France was 60% of VINCI's total in the first nine months of fiscal year 2026. The comparable figure for the same period of fiscal year 2025 was 58%.
VINCI said its concessions revenue rose 2%, and analysts asked about debt and margins
- The chief financial officer said concessions revenue was EUR 9.6 billion in the first nine months of fiscal year 2026, up 2%.
- The chief financial officer said VINCI Airports like-for-like revenue increased 5% over that period. VINCI Autoroutes heavy-vehicle traffic increased 1%.
- Analysts asked what drove the third-quarter net-debt reduction. They also asked about headwinds to the EUR 6 billion free cash flow target. Management declined to answer.
- Analysts asked whether earnings before interest and taxes (EBIT) margins in Construction and Energy Solutions can stay stable or grow. They also asked about the effect of rising interest rates on interest costs. Management gave partial answers to both questions.
Source: Earnings calls of companies listed in France. See which companies FactIQ covers.
About FactIQ and these updates
- What FactIQ is. FactIQ is a database of official statistics from government agencies, central banks and international organisations in the US, China, India, Europe and elsewhere. AI assistants such as Claude and ChatGPT connect to it to look up the exact figures and cite the agency that published them. It also holds what companies report in their filings and say on their earnings calls.
- How an update is made. FactIQ reads each new earnings call or filing and stores the statements with numbers, each with the exact quote it came from. An AI model then writes a short summary of those statements. Before it is published, code checks that every number in the summary matches a stored statement, and a second review checks that nothing is overstated or presented as fact when the company only expects it.
- What this is not. The figures are what each company said or filed. FactIQ does not rate companies or recommend shares.