26.05.2024, 1056 Zeichen

Porr: Construction group Porr  proved exceptionally stable in the first quarter of 2024. PORR’s production output totalled EUR 1,323m in the first quarter of 2024, making it 4.1% higher than the previous year’s figure. In the first quarter – traditionally the weakest quarter of the year due to seasonal factors – PORR’s revenue remained stable compared to the same period last year at EUR 1,275.6m (1-3/2023: EUR 1,266.3m). Thanks to efficient supplier management, the cost of materials and other related production services was reduced by 4.0%. This resulted in a substantial increase in EBIT of 14.4% to EUR 11.3m. In addition, PORR saw EBT almost double from EUR 4.5m to EUR 8.0m. PORR CEO Karl-Heinz Strauss sees grounds for optimism: “We expect the industry to recover over the course of the year, partly due to the expected interest rate cuts and the ongoing support measures from the European Recovery and Resilience Facility”. 
Porr: weekly performance: -1.10%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (23/05/2024)

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