PORR reports strong first quarter in 2025, boosted by order growth and stable earnings

PORR began the year with a solid performance, driven by a significant rise in new orders and a stable operating result. The company reported an EBIT of EUR 12.6 million for the first quarter, marking an 11.7% year-on-year increase. Total production output amounted to EUR 1.27 billion, with revenue holding steady at EUR 1.26 billion.

The order intake reached EUR 1.54 billion in the first quarter, up 17.4% compared to the same period in 2024. The order backlog grew to EUR 8.81 billion, reflecting a 4.4% increase and providing a positive outlook for the coming quarters. PORR attributes the growth primarily to new large-scale projects, particularly in Germany, where order intake in the DE segment rose by over 80%. Key projects include a school in Berlin, residential developments in several German cities, a rail link in the Czech Republic, and a hospital extension in Warsaw.

The civil engineering sector remains a central growth area, supported by investment in transportation and energy infrastructure. In building construction, demand continues in healthcare, data centres, and industrial facilities. PORR has positioned itself in these sectors as an integrated service provider.

Despite a slight decline in production volume due to seasonal conditions, core segments performed well. The AT/CH region grew by 10.4%, while the International Infrastructure segment posted a 24.9% increase. The EBIT margin improved from 0.9% to 1.0%, supported by cost controls that offset rising personnel expenses.

PORR’s equity increased to EUR 833.7 million, and the equity ratio rose slightly to 19.8%, despite hybrid capital repayment. Net debt rose to EUR 259.5 million, largely due to strategic acquisitions, including a majority stake in Germany’s Knape Bahnbau GmbH, and the repurchase of treasury shares.

The company’s stock also showed strong growth, closing at EUR 26.25 at the end of March—an increase of nearly 85% compared to the previous year. PORR’s market capitalisation reached approximately EUR 1.0 billion, and the company was awarded first place in the Mid Cap category at the Vienna Stock Exchange Prize 2025.

Looking ahead, PORR’s Executive Board expects a moderate increase in performance and earnings for the full year. The company is targeting an EBIT margin of 2.8% to 3.0% for 2025 and aims to reach 3.5% to 4.0% by 2030. While current global trade uncertainties may pose challenges, PORR believes its strategy—focused on deglobalisation, decarbonisation, digitalisation, and demographic change—positions it well for long-term resilience and growth. The company notes that further business development will depend on economic and geopolitical conditions in its key markets.