The logo of Vinci is pictured at the company's headquarters in Rueil-Malmaison near Paris, France, April 22, 2020. REUTERS/Charles Platiau/File Photoupgraded its full-year free cash flow guidance, pointing to a high level of liquidity, a year-on-year decline in financial debt and a record high order book.
Vinci's order book reached 63.3 billion euros at Sept. 30, a record high level according to the company. The group's net financial debt stood at 18.6 billion euros at the end of the nine-month period, down from 20.1 billion euros a year ago. "We intend to use all the available avenues to appeal," head of investor relations Grégoire Thibault said in a call with analysts, adding "higher taxes unavoidably mean higher tolls."that highway operators would not be allowed to pass on the tax to clients. The group said last month the tax would represent a 260 million-euro surcharge based on its 2022 figures.