PORR at a Glance
“PORR is just finishing an extremely successful 2023.
It has been a very interesting but also very challenging year. Our strategy – Intelligent Growth with Green and Lean – is exactly right. We will continue to focus increasingly on our home markets. There, we experience a spirit of optimism everywhere we go and we feel a passion for our PORR. This also gives us a lot of strength, confidence, and motivation. Our challenge now is to remain the best.“
Key Financial Performance Indicators
Production output 2023
Production output
In 2023 PORR’s production output totalled EUR 6,577m and was therefore 5.6% higher than the previous year. Both Poland and Romania, as well as Germany, recorded double-digit growth. The areas of civil engineering Romania and infrastructure Poland also performed particularly well.
Accounting for 53.0% of production output, the focus remained on civil engineering. Building construction accounted for 37.0% of output. Residential construction accounted for 10.9% of total output.
Order backlog 2023
Order backlog
The order backlog stood at EUR 8,452m as of 31 December 2023, an increase of 3.0%. During the year, the order backlog was temporarily at a record level. The significant increase in incoming orders in December of the previous year meant that the high rises during the year could not be achieved over the year as a whole. The order intake rose by 2.7% compared to the previous year to EUR 6,835m. This development is mainly attributable to the tunnelling division within infrastructure construction. The order backlog thereby remains well above the value of a year’s output.
Earnings before taxes (EBT) 2023
Earnings before taxes (EBT)
In the 2023 reporting period, earnings before taxes (EBT) rose by 18.8% to EUR 130.7m (2022: EUR 110.0m).
The PORR Group’s revenue totalled EUR 6,048.5m, reaching a new record level. The increase of 4.5% is below the increase in output of 5.6%. The cost of materials and other related production services increased at a significantly lower rate than revenue, rising by 3.4% to EUR 4,142.1m. The cost of materials included here was reduced significantly in 2023. It fell by 5.8% to EUR 1,287.8m. Staff expenses rose by a total of 7.7% due to the increase in the average number of staff and amendments to the collective labour agreement. Earnings per share increased by 34.3% and totalled EUR 2.21 in the reporting year.
Net Cash
Liquidity reserve
CAPEX
You can read more about non-financial key data here.