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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