Vinci Says Cash Flow Beats Guidance
By Adria Calatayud
Vinci said its cash flow last year exceeded both its guidance and the level achieved in 2022, thanks to inflows from customers and investment postponements.
The French construction group said late Thursday that it now expects to report a free cash flow for 2023 above the 5.4 billion euros ($5.92 billion) reached in 2022. This sets a new record for the company, Vinci said.
The company had previously guided for a 2023 free cash flow totaling at least EUR4.5 billion.
Vinci plans to release its full 2023 results and outlook for 2024 on Feb. 7, it said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
January 12, 2024 01:21 ET (06:21 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
This Cheap Stock Is Still a Buy Even After 50% Rally
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying