Austrian success for Porr
By Joe Malone01 December 2015
Austrian-based Porr has recorded revenues of €2.54 billion for the first nine months of the year – a rise of 1.4% from the same period last year.
The company said that Austria remained its strongest market, contributing to over 50% of its total revenue.
Porr also recorded profits of €24 million for the first three quarters of 2015, meaning a rise of 90.2% over the first nine months last year. The company also reduced its debt by 39.2% against the comparable period to €264 million.
Karl-Heinz Strauss, CEO of Porr, said, “The home markets, complemented by selective activities on the project markets and infrastructure projects in Qatar, provided a stable foundation for our successful performance in the first three quarters of 2015.
“Porr continues to benefit from its strategy of intelligent growth. The integration of the Polish civil engineering unit acquired from Bilfinger will allow us to profit from the construction boom and EU financing in the coming years.”