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Consolidated Net Income Target for 2012 Updated to Reflect Tax Measures Adopted in France - When it published its quarterly information at 30 September 2012, VINCI announced its net income outlook for 2012 as follows (1) - VINCI.com
Consolidated Net Income Target for 2012 Updated to Reflect Tax Measures Adopted in France

 

PRZOOM - /newswire/ - Rueil-Malmaison, Hauts de Seine, France, 2013/01/04 - When it published its quarterly information at 30 September 2012, VINCI announced its net income outlook for 2012 as follows (1) - VINCI.com. CAC 40; Euronext 100

   
 
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“In terms of operating and net incomes, despite the margin pressure being felt in some sectors and countries, VINCI was targeting levels close to those reached in 2011 before taking into account the new tax and social charges being considered in France.

Ongoing discussions surrounding the proposed 2013 French Finance Law (le Projet de Loi de Finances 2013) imply that these new charges could negatively impact VINCI’s 2012 net income, which could be down by 3% to 4% compared to its 2011 level.”

The 2013 French Finance Law was enacted on 29 December 2012, removing the uncertainties regarding the tax charges applying to 2012.

Consequently, VINCI is updating its consolidated net income target for 2012, which is expected to come in at a level close to that reached in 2011.

2012 annual financial statements will be released on 5 February 2013 after close of trading on the stock market.

(1) Press release of 25 October 2012

 
 
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Consolidated Net Income Target for 2012 Updated to Reflect Tax Measures Adopted in France

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VINCI |
Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

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