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

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

Strabag Completes Takeover of German Unit Züblin

Listed construction giant Strabag has completed the takeover of German unit Zublin, raising the stake to 94.9 percent from 42.74 percent it already held.

April 7, 2016

RHI's Profit Slumps in 2015

The profits of the listed refractories specialist RHI collapsed in 2015 due to the global steel crisis. The result after taxes plunged from EUR 52.5 million to EUR 17.8 million (USD 20.24 million).

April 5, 2016

Bilfinger Sells MCE to Upper Austrian Builder Habau

German engineering and building concern Bilfinger is selling its Bilfinger MCE subsidiary to Austrian construction group Habau, based in Perg, Upper Austria, Bilfinger disclosed.

March 16, 2016

EUR 1.4 Bln Contracts for Brenner Base Tunnel Projects Awarded

BBT SE, the company in charge of the Brenner Base tunnel project, awarded contracts for works worth EUR 1.4 billion (USD 1.54 billion) for the Mauls-Brenner section.

March 10, 2016

Austria's Building Industry to Grow 1.2 Pct a Year in 2016-18

The Austrian construction sector has not joined the rally in the entire European building industry with construction output shrinking for the third year in a row in 2015.

March 9, 2016