Vinci SA Investor Day Transcript
Welcome in Madrid for this Capital Market Day dedicated to Cobra IS. My colleagues and I are delighted to put the spotlight on this outstanding company which joined Vinci almost 2 years ago. Its integration within Vinci is a success, definitely, both on a human and business point of view. Cobra IS is over delivering our initial expectations, as you will understand today.
Next slide, yes. Okay. As you know, Vinci as a pioneer has been focusing strategically and consistently on its energy activities for more than 20 years. This has resulted in the sharp internal and external growth of Vinci Energy, those expertise have proven to be fully aligned with the energy and digital mega trends that we have been observing for some years now.
The group's expansion in this area further accelerated with the integration of Cobra IS in the last 2 years. Today, Vinci's business model is even more resilient, less cyclical and strong than it was previously with 3 large main sector of activities, concession, construction and Energy Services. As a result,
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