Thursday, 26 March 2026
PORR reported higher revenue, earnings and order intake in 2025, supported by infrastructure projects and a stable performance in building construction.
The company recorded revenue of €6.3 billion, broadly in line with the previous year, while production output reached €6.8 billion. Activity was concentrated in its core markets, including Austria, Germany, Poland and Romania, which together accounted for the majority of its business. Growth was driven by progress on transport and infrastructure projects as well as continued activity in the building segment.
Order intake increased by 14.1 percent to €7.8 billion, supported by several large-scale infrastructure contracts across Europe. These included railway and tunnel projects in Austria, Poland and Romania, as well as modernisation works in Germany and the Czech Republic. Additional contracts were secured in building construction, including industrial, healthcare, education and residential developments. As a result, the order backlog rose to €9.5 billion at year-end.
Profitability improved across all key indicators. Operating profit (EBIT) rose by 24.2 percent to €196.7 million, while net profit increased by 25.6 percent to €136.7 million. The company attributed the improvement to efficiency measures, cost management and stronger contributions from associated companies. Earnings per share increased to €3.00.
Cash flow and liquidity also strengthened during the year. Free cash flow rose significantly, and the company ended the year with a net cash position, compared to a slightly negative position in 2024. The balance sheet remained stable, with the equity ratio unchanged.
PORR also reported a reduction in emissions as part of its decarbonisation strategy. Direct emissions declined by more than 20 percent, while emissions across the value chain also decreased, supported by lower energy consumption and increased use of alternative fuels.
Looking ahead, the company expects continued demand in infrastructure, energy and digital network projects to support activity in 2026. Public investment, particularly in Germany, is expected to contribute to market growth, while building construction is showing early signs of recovery, including in the residential segment.
At the same time, the company noted that geopolitical tensions, including developments in the Middle East, could create uncertainty through potential impacts on energy and material costs. However, it indicated that many risks are mitigated through pricing mechanisms, early procurement strategies and secured energy contracts.
Based on its current order backlog and market outlook, PORR expects moderate growth in output and revenue in 2026, alongside a further improvement in operating margins.
