Article Tools

Porr: Capital Increase and Rise in Profits Expected

Published: October 7, 2013; 13:26 · (Vindobona)

CEO of listed Austrian construction company Porr Karl-Heinz Strauss is still in favor of a capital increase in 2014 or 2015 and calls upon the government to create “projects for the future”.

Porr: Capital Increase and Rise in Profits Expected / Picture: © Porr AG

In an interview with “Kleine Zeitung” Strauss announced that even after the capital increase both him and his partner Klaus Ortner intend to hold “at least 51 percent” of the company. Currently they hold a joint stake of 70 percent. Strauss expects a significant improvement in profits in 2013 after last year’s profits of € 18m.

“We expect a substantial improvement…

This article includes a total of 481 words.

or Log In