VINCI Wins €230 Million Contract for Nuclear Fusion in the UK
VINCI Construction, through its ILIOS consortium led by Nuvia, has secured the design and construction contract for the infrastructure of the STEP Fusion program in Nottinghamshire, UK. This project is managed by UK Fusion Energy, an industrial partnership funded by the British government.
UK Fusion Energy has selected the ILIOS consortium, led by Nuvia (a subsidiary of VINCI Construction specializing in nuclear projects and services), for the design and construction of the infrastructure of the STEP Fusion program in Nottinghamshire, UK. UK Fusion Energy is an industrial partnership funded by the British government, aimed at developing a prototype power plant by 2040 capable of generating electricity from fusion energy.
Contract Details
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The contract spans 4.5 years and is valued at 200 million pounds (approximately 230 million euros, with 50% going to Nuvia). It covers Phase 1 of the project, which includes the design and construction of all buildings, infrastructure, and facilities on the site.
Consortium Composition
The ILIOS consortium consists of Nuvia, Kier, AECOM, AL_A, and Turner & Townsend. STEP stands for Spherical Tokamak for Energy Production.
VINCI a réalisé en 2025 une performance en hausse. La progression du chiffre d’affaires s’est accompagnée d’une nouvelle amélioration des résultats opérationnels.
Chiffre d’affaires 2025 de 74,6 milliards d’euros; EBITDA 13,5 milliards; résultat net part du Groupe 4,9 milliards; cash-flow libre 7,0 milliards; endettement net en baisse; dividende proposé 5,00 euros par action; perspectives 2026 positives.
Outlook / guidance
Expected revenue: Le chiffre d’affaires en 2026 est attendu en hausse par rapport à 2025, avec des progressions dans les concessions, les services à l’énergie et la construction, et un cash-flow libre estimé autour de 6 milliards d’euros en première approche, sous réserve d’un niveau d’activité et d’un cadre fiscal inchangé.
Expected EBITDA: La direction prévoit une nouvelle progression en 2026, sans chiffre précis communiqué.
Expected net income: La direction anticipe une progression du résultat net part du Groupe en 2026, sous réserve d’un exercice stabilisé.
Management commentary: La direction affirme sa discipline financière et son positionnement sur les trois métiers, avec un accent sur la génération de cash-flow et la création de valeur.
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