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Porr
ÖBB Chairman Pöchhacker is Dead
The longtime chairman of the board of ÖBB and former CEO of the construction company Porr, Horst Pöchhacker, died on Wednesday after a short illness at the age of 75 years.
August 13, 2014
London Roadshow with Austrian Companies
Austrian Companies with Erste Group and the Vienna Stock Exchange on Road Show to London
January 27, 2014
Austria: VIG to Sell Stakes in Porr
Listed Vienna Insurance Grop (VIG) downsizes its stake in Austrian construction company Porr, which is also listed at the Vienna Stock Exchange.
January 9, 2014
Porr: Capital Increase and Rise in Profits Expected
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”.
October 7, 2013
Porr Lands Ikea Contract in Poland
The Austrian construction company Porr has landed two contracs in North Poland for a total volume of € 150m.
September 24, 2013
Austria: Construction Company Porr to Buy Prajo-Group
Take over as an ideal supplement for the portfolio of Porr in the demolition and recycling sector.
September 13, 2013
Austria: So Far Three Construction Companies Involved in Take-Over of Alpine
1,800 employees of bankrupt Alpine can feel relieved. In all probability three Austrian construction companies (Habau, Swietelsky and Hinteregger) will be involved in the regional rescue solution.
June 28, 2013
Alpine to Be Divided Up
Swietelsky plans to take over 1,500 employees. Strabag announced interest but remains unheard.
June 27, 2013
Alpine-Insolvency: 80 Companies Affected
After an analysis by credit protection association Kreditschutzverband 1870 (KSV1870), the majority of around 1,400 suppliers and subcontractors is not affected by the construction company’s bankruptcy.
June 21, 2013
Alpine: Thousands of Jobs At Risk
Alpine’s Insolvency could cost thousands of people’s jobs. According to Social Minister Rudolf Hundstorfer, the Social Ministry would utilize all means to prevent a worst-case scenario. Alpine's affiliate in Germany is filing for bankruptcy as well.
June 20, 2013
Milestone for PORR - PORR Signs Largest Order in Company’s History
Underground rail construction in Qatar: PORR signs largest order in company’s history Order backlog rockets to record level of around EUR 4.5bn
June 12, 2013
Vienna: Infrastructure & Construction Summit Brings Together All Balkan Countries
Government ministers from Austria and various Balkan countries will be discussing infrastructure and construction in the region at a two-day summit in Vienna at the end of May.
April 30, 2013 · Sponsored Content
Alpine and Porr to Be Compensated by Serbia
The Austrian construction companies Alpine and Porr claim € 71m from Serbia before the court of arbitration due to a flopped major project for the building of a highway.
April 26, 2013
Austria: Porr to Increase Capital
Listed construction company Porr AG intends to get up to € 20.7m from the stock exchange. The offer only includes selected investors and existing shareholders.
April 25, 2013
Porr Achieves Turnaround
The Austrian construction group could generate a stable output. The order stock has reached a new record high.
February 23, 2013
Porr: Renaissance Group to Enlarge its Interest
The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.
November 23, 2012
Porr: Shareholder Structure to Change
The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.
November 22, 2012
Porr´s Construction Output Shrinks
The third-largest Austrian construction group records an increase in orders. Porr´s CEO Karl-Heinz Strauss is satisfied.
October 18, 2012
Porr Reduces Losses
Revenues fell by 7.4%, the EBT figure is still negative. The Austrian construction group sees a clear commitment to its home markets.
September 1, 2012
Porr Achieves Order in Qatar
The Austrian construction company was awarded for a subway construction project in Doha.
August 13, 2012
Austrian Railways „Fit for the Capital Market in a Few Years“
Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.
August 6, 2012
CEO Strauss Buys 38% of Porr´s Shares
Strauss-Group acquires equity stake of the B&C-Gruppe and of the UniCredit Bank Austria AG on the Austrian construction company.
July 16, 2012
Massive Austerity Cuts at Porr
The third-biggest Austrian construction company examines its cost structure. First effects should be visible still in 2012.
July 2, 2012
B&C Industrieholding to Sell Major Stake in Porr
The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.
June 5, 2012
Porr Urgently Needs New Capital
The Austrian construction company wants to strengthen its equity base, which shrank to 15%. In 2010, the quota stood at 22%.
May 1, 2012
Drastic Losses at Porr
The third-largest Austrian construction company had to write off projects in Hungary and Romania. Net losses totaled € 72m.
April 30, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-06)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 6, 2012 · Updated: April 6, 2012; 18:15
Serbia: Promising Market for Austrian Construction Industry
The Western Balkan state Serbia invests massively in the modernization of its infrastructure. This year, the civil engineering sector will grow by 20%.
March 19, 2012
Porr Takes over German TKDZ
The Austrian construction group takes over Trierer Kalk-, Dolomit- und Zementwerke (TKDZ) in Wellen.
February 17, 2012
Porr Extends Capital Increase
The Austrian construction group intends to restock its planned capital increase. The minimum volume is € 30m.
February 2, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-02)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
February 2, 2012 · Updated: February 2, 2012; 18:18
Porr: Capital Increase Flows Smoothly
According to Porr´s CEO Karl Heinz Strauss, the Austrian construction group raises ist capital within the next 60 days. Operating business is performing well, Strauss says.
January 16, 2012
Porr Considers Capital Increase
In order to realize further growth, the owners of the second-largest Austrian construction company plan to raise the equity base.
December 3, 2011
Porr Issues Profit Warning
The Austrian construction company has to write down € 90m of receivables due to problems in Eastern Europe. For next year, however, management is confident to see stable development.
December 1, 2011
No Growth in Construction Industry in 2012
Austrian companies fear the effects of the debt brake while they still suffer from the consequences of the recession of 2009.
November 17, 2011
Porr Records Strong Growth in Orders
The Austrian construction group’s order bookings increased by 36.6% in the first nine months of the year, strongly driven by demand in foreign markets.
November 11, 2011
CA Immo Sells Hotel Site in Berlin
The Europacity urban district, in which the Austrian real estate group owns a major part, is progressing apace. A first-class hotel will be opening in early 2014.
November 9, 2011
Construction Companies Fight for Romanian Order
Three Austrian construction companies – Strabag, Porr and Alpine – compete for a major order from the Romania railways. The order volume is € 258m.
October 24, 2011
Porr Cooperates with German InterCityHotel
In the coming years, the two German and Austrian companies plan 15 new hotels in the CEE area.
September 26, 2011
Austrian Companies Hope for Quick Return to Libya
In view of the approaching end of the Gaddafi regime Austrian companies start preparations for an early return to the North African country.
August 22, 2011
Porr Wins Major Order in Germany
The Austrian construction company will build two tunnels as part of the Stuttgart 21 project. Total volume of the order is € 700m.
August 2, 2011
Weak Year for Porr
The Austrian Porr construction company had to report significant sales and profit declines in 2010. The EBIT fell by 23.3%.
April 30, 2011
Austria's Construction Industry Expects Stagnation
In an interview with the newspaper "WirtschaftsBlatt", the CEO of the Porr construction company, Karl-Heinz Strauss, describes his prospects for the local construction industry.
March 8, 2011
Libya: Withdrawal of Austrian Companies
Most Austrian companies are getting their employees out as the result of violent riots in Libya.
February 22, 2011
Porr Enters Alliance in Slovenia
The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.
February 17, 2011
Porr: Turkish stake might increase
The Turkish Renaissance Group currently holds a 10% stake in Austria's third-largest construction group. This share could be increased significantly.
December 23, 2010
Porr takes over TEERAG-ASDAG and starts reorganization
The Porr Group presents a new corporate structure. Focus is put on domestic civil engineering and road construction with TEERAG-ASDAG.
December 20, 2010
Stuttgart21: Strabag and Porr Hope for Major Project
The two Austrain building companies, Strabag and Porr, are struggeling for the disputed major infrastructure project in Germany, Stuttgart 21.
December 2, 2010
Major Order for Porr in Libya
Porr builds a sports stadium with a Turkish partner. The contract is worth € 220 million euro.
November 29, 2010
Porr Group: Slight Decline in Sales, Cautious Positive Outlook
The Porr Group’s development against the background of the economic crisis is relatively stable. The CEE region is still below expectations.
November 12, 2010
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