Vinci says revenue at UK arm fell in third quarter

By Jordan Marshall2018-10-25T06:00:00

Company taking “more selective approach” to new business

Turnover has fallen away at Vinci Construction’s UK business as the firm has moved to become more selective of the jobs it takes on.

In a quarterly update the French construction conglomerate reported that revenue across its global construction had dipped by 0.7% to €10.1bn (£8.9bn) compared like for like with the same period last year,

It said its construction business outside of France, which accounts for 47% of activity had dropped by 3.4% on a like-for-like basis to €4.8bn (£4.2bn).

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