PORR reports strong 2024 results and positive outlook for 2025

PORR recorded strong results for the 2024 financial year, achieving growth in key areas despite a mixed economic environment. The company reported an increase in production output to EUR 6.7 billion and a record EBIT of EUR 158.4 million, with an EBIT margin of 2.6%. The equity ratio rose to 21.1%, and the Executive Board has proposed a dividend of EUR 0.90 per share for the year.

Order intake for 2024 reached EUR 6.846 billion, including major projects such as a data centre in Germany valued at nearly EUR 200 million and a pharmaceutical production facility worth almost EUR 100 million. Civil engineering projects, including the Luegbrücke bridge in Austria, also contributed to an order backlog of EUR 8.5 billion, up 1.1% from the previous year.

Group-wide production output increased by 2.6% to EUR 6.747 billion, with civil engineering accounting for 57.4% of the total. Residential construction remained a smaller segment at 8.1%, while other building construction made up 24.4%. PORR continued to serve industrial clients with complex projects delivered on time and within budget.

Revenue increased by 2.3% to EUR 6.19 billion, supported by efficiency improvements and cost savings. EBITDA rose by 7.1% to EUR 368.8 million, and group net profit grew by 14.6% to EUR 108.9 million. Earnings per share reached EUR 2.32. Free cash flow rose by 39% to EUR 138.2 million, reflecting stronger operating and investment performance.

PORR’s total assets stood at EUR 4.24 billion at the end of 2024. Despite repaying hybrid capital, equity increased by 4% to EUR 894 million, with net debt near zero. Liquidity reserves remained high at over EUR 1 billion. Based on these results, the proposed dividend represents a 38.8% payout ratio.

Economic forecasts for 2025 anticipate a recovery in the European construction sector, supported by expected interest rate cuts and increased private investment. PORR sees growth opportunities in residential construction, data centres, healthcare facilities, and infrastructure expansion. The company continues to focus on decarbonisation efforts, committing to science-based climate targets with emissions reduction goals through 2030.

Looking ahead, PORR expects moderate increases in output and revenue in 2025, with a projected EBIT margin between 2.8% and 3.0%. The long-term target for 2030 remains an EBIT margin of 3.5% to 4.0%. The outlook remains subject to potential geopolitical risks and broader economic developments.