Thanks to major orders
Plus 22.5%: Porr posts significant profit
The Austrian construction group Porr is benefiting from major infrastructure orders. In the first nine months of 2024, the bottom line was a profit of 60.8 million euros - 22.5 percent more than in the same period of the previous year (49.7 million euros).
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen Construction output increased by 4.6 percent to five billion euros, while turnover rose by 3.3 percent to 4.6 billion euros, as the company announced on Thursday.
Earnings before interest, taxes, depreciation and amortization (EBITDA) improved by 8.8 percent to 249.7 million euros. Earnings before interest and taxes (EBIT) amounted to 91.9 million euros (up 17.8 percent). Earnings per share (EPS) rose by 12.4 percent to 1.18 euros.
Production output of around 6.7 billion euros
Based on the order backlog, Porr's Executive Board expects production output of between EUR 6.7 billion and EUR 6.8 billion and revenue of between EUR 6.15 billion and EUR 6.25 billion for the full year 2024. The operating result (EBIT) is expected to be between 150 million and 160 million euros.
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