Vinci SA

DG: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€892.00	Cqfnhwd	Bxcdzmds

Recovery in Air Travel Drives Further Earnings Growth for Vinci in 2023; FVE Raised to EUR 116

Matthew Donen

Mar 2, 2023

Business Strategy and Outlook

Vinci’s strategy to extend the maturity of its concession portfolio will help the FIRM earn durable excess returns. The group's business models rests on managing and operating critical infrastructure for economies such as motorways and airports, via long-dated concession contracts.

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