Vinci SA

DG: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€942.00	Jfyhzg	Trhvlnbvb

Vinci's Defensive Concessions Business Will Drive Robust Growth in 2022

Matthew Donen

Aug 19, 2022

Business Strategy and Outlook

Vinci’s strategy to extend the maturity of its concession portfolio will help the company earn durable excess returns. Vinci’s business models rests on managing and operating critical infrastructure over long concession contracts, such as motorways and airports. We appreciate the company’s actions to increase the portion of its concession-driven revenue, over its short-cycle contracting business.

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