Vinci Reports €1.2 Billion Data Center Order Book Amid European Investment Surge
Vinci's order book for data centers has reached €1.2 billion, bolstered by a recent €500 million contract. The company anticipates further positive developments in its data center projects in Europe and the Middle East, capitalizing on growing investments in AI and data facilities.
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Vinci's current order book for data centers stands at €1.2 billion, following the signing of an additional contract worth €500 million. The company is engaged in negotiations for over €10 billion with various investors and is participating in tenders exceeding €30 billion in Europe and the Middle East over the next six months.
Analyst Cristian Nedelcu from UBS highlights that the data center opportunity in Europe is undervalued by investors, suggesting that new contract allocations will bolster profit forecasts and drive stock revaluation. Vinci's leadership in Europe contrasts with its limited presence in the U.S. market, although it has invested in renewable energy for clients, including Google, supplying 80% of electricity from two solar plants in Texas.
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