The latest construction industry and company news and analysis from FriedlNews
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Austrian Construction Industry Headlines

Porr Wins Billion-Euro Deal in Bratislava

Together with two other partner companies, Austria’s construction group Porr has secured a deal worth nearly EUR 1 billion (USD 1.12 billion) in Slovakia. It is an infrastructure project to be carried out as a public-private partnership. The Slovakian government signed the concession contract for the construction of nearly 60 km of motorways near Bratislava.

May 24, 2016

Porr Lands First Order in Great Britain

The Austrian construction company Porr is entering Great Britain. In a joint-venture with the Dutch A.Hak and a subsidiary of the Swedish construction group Skanska the company will build a high-pressure gas pipeline in a tunnel. The ordering party of the British gas distributor National Grid. The cost of the whole project is GBP 150 million (EUR 195 million), according to Porr.

May 23, 2016

Asamer Building Materials Revenue Down to EUR 153 Mln in 2015

Upper Austrian construction materials firm ABAG saw its revenues fall to EUR 153 million in 2015 from EUR 165.9 million, while net profit declined to EUR 6.2 million (USD 6.95 million) from EUR 9.4 million, the company said.

May 23, 2016

Office Furniture Market Rose in 2015 Thanks to Erste Office

The market segment of office furniture grew only thanks to the interior decoration of the Erste office (Erste Campus) at the new central train station in Vienna (Wiener Hauptbahnhof). Had it not been for that order, the revenue would have been in decline, rather than growing 4.5 percent y/y, a sector study by consulting firm Kreutzer Fischer & Partner indicates.

May 11, 2016

Austrian Cement Industry Recorded Growth in 2015

The Austrian cement industry managed to make up for the loss-making first months of 2015 in the second half. Eventually, cement producers managed to boost their sales by 4 percent last year.

May 11, 2016

Strabag - Order Volume Down by EUR 1 Billion

Strabag’s profit in 2015 was based on a strong construction output in Slovakia, Poland, Czech Republic and Hungary. CFO Christian Harder summed the past year up as having been very good in eastern Europe, with only Russia being somewhat troublesome. The prospects are clouded slightly by a reduced backlog (down 9 percent or EUR 1.3 billion (USD 1.5 billion) to EUR 13 billion).

April 29, 2016

Parliament - Strabag Receives Order for Alternative Accommodation

Strabag AG has received the order for the alternative accommodation of the Austrian Parliament for the period of work on the remodeling of the parliament building.

April 27, 2016

Porr Saw Profit, Output Hike in 2015

Listed construction firm Porr reports a considerable hike of earnings and construction output for 2015. The backlog has never been so good, currently amounting to EUR 4.579 billion (USD 5.2 billion) (up 13 percent y/y), the management points out in its statement. The incoming order volume increased by 29 percent to EUR 4.045 billion.

April 21, 2016

Strabag Buys Tech Gate Vienna Office Tower for EUR 110 Million

Listed construction company Strabag is buying office building Tech Gate in Vienna. The office complex is sold by the owner consortium of Wiener Städtische, the city of Vienna and FFG, WirtschaftsBlatt daily reports.

April 12, 2016

Linz-Based Unit of Bilfinger Delivers EUR 10 Mln Pipe System to Egypt

Bilfinger VAM, a Linz-based unit of German construction firm, will enjoy a capacity utilisation until autumn thanks to the contract for a pipe system in Egypt, the company said. The firm shares the EUR 10 million (USD 11.3 million) deal with another Bilfinger unit.

April 7, 2016