Friday, 22 August 2025
Construction group PORR posted stronger results across key metrics in the first half of 2025, highlighting improved earnings, a larger project pipeline, and record levels of orders.
The company reported EBIT of €48.7 million, up 15.5% compared with €42.2 million a year earlier. Revenue rose slightly to €2.96 billion, while production output increased by 1.8% to €3.17 billion. The EBITDA result also grew by 3.6% to €153.4 million, supported in part by lower costs for external services.
Order intake expanded by 25.4% year-on-year to €4.05 billion, driving the company’s order backlog to a historic high of €9.42 billion, an increase of 10%. Infrastructure projects continue to account for the majority of work, representing more than 60% of the backlog.
CEO Karl-Heinz Strauss noted that PORR has secured several major projects, including a €425 million rail line in Romania between Craiova and Caransebeș and Poland’s longest rail tunnel in Łódź, valued at about €400 million. Other recent wins include healthcare and industrial facilities in Poland, Germany, and Austria, as well as educational projects in Germany. “Infrastructure expansion in our home markets has gained momentum, and we are also seeing renewed activity in building construction,” Strauss said.
Within its international operations, the company reported a 19.6% rise in infrastructure output, supported by large-scale tunnel and energy projects such as the ElbX tunnel in Germany and hydro storage facilities. PORR continues to focus on its seven core European markets, which together generate over 98% of group output.
From a financial perspective, PORR’s balance sheet remains stable. As of June 30, 2025, total assets stood at €4.27 billion. Equity rose to €855 million, lifting the equity ratio to 20% compared with 19.4% a year earlier. Net debt decreased by 7.9% year-on-year to €301 million. Earnings per share improved by 17.8% to €0.53.
Looking ahead, PORR expects moderate growth in both revenue and profit for the full year, with management guiding for an EBIT margin between 2.8% and 3.0%. By 2030, the company is targeting an EBIT margin of 3.5% to 4.0%.
Strauss pointed to growth opportunities in European infrastructure related to the energy transition, digitalization, and transport networks. At the same time, he cautioned that ongoing geopolitical risks could weigh on economic activity and project development.
