PORR achieved a record result of 130.7 million euros in 2023 and recorded a performance improvement of 5.6 percent.
“2023 was an extremely exciting and at the same time challenging year for the construction sector. Our broad portfolio and extensive infrastructure expertise have allowed us to achieve a great result in this environment,” summarizes PORR CEO Karl-Heinz Strauss.
On the one hand, positive impulses in environmental and energy policy stimulated construction activity. On the other hand, the sector felt a decline in residential construction. Civil engineering and infrastructure construction once again proved to be growth drivers.
This trend is reflected in both production output and order books. Production increased by 5.6 percent to 6,577 million euros compared to the previous year, and in its home markets of Poland, Romania and Germany it even grew by double digits.
More than half of production came from civil engineering. The lion’s share of production, namely 45.1 percent, was generated in the home market of Austria.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
