Weak Year for Porr

Industrials › Construction ♦ Published: April 30, 2011; 12:15 ♦ (Vindobona)

The Austrian Porr construction company had to report significant sales and profit declines in 2010. The EBIT fell by 23.3%.

Weak Year for Porr / Picture: © Porr AG

 

Production output of the Group amounted to € 2.8bn (-1.8%), slightly behind last year’s, but appears more stable than the average for the construction industry (-3.3%). "Nevertheless, Porr has succeeded in filling its order books for the next few years. To this effect, we have started a comprehensive restructuring of process flows", says CEO Karl-Heinz Strauss.

The…

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