2023-2024 Activity Report

Interview with Nicolas Notebaert

What do you make of VINCI Concessions’ good performance in 2023?

Thanks to the work of our teams, our overall performance was indeed remarkable in 2023. Results were good due to two decisive factors, the first being the recovery of traffic. For VINCI Airports, traffic returned to 2019 levels and even reached new records at certain parts of the network in Serbia, Portugal and Central America. Meanwhile, in our other businesses, traffic exceeded pre-Covid levels on our international highways it rose by 5.9% this year compared to 2022, while that of the Tours Bordeaux high-speed line operated by VINCI Railways once more recorded 3.4% growth in 2023. But in 2023, we also reaped the results of initiatives that we put in place from 2020 to face the Covid-19 crisis, with the drastic cost-cutting plans deployed during that time. The crisis was brutal, but it allowed us to prove the stability and solidity of the VINCI Concessions community, now made up of over 22,600 employees worldwide. It also demonstrated the relevancy and resilience of the concession model. This enabled us to guide countries, without drawing on public finances, by helping them to restore the mobility and connectivity that are so crucial to the vitality of their domestic and international trade. Tourism is now once more becoming a dynamic economic industry, with the need for mobility growing across the world, and we are ready for it.