PORR CEO Karl-Heinz Strauss says: “It has been a success across the board. Infrastructure expansion is accelerating in our home markets and PORR has been able to secure large and exciting new contracts in this area. In addition, we’re seeing a renewed strengthening of building construction. As a result, our order intake is highly diversified, ranging from infrastructure construction and industrial projects to healthcare and residential construction”.

PORR secured numerous new railway construction contracts, including the 32.6 km Craiova – Caransebeș railway line in Romania with a contract value of around EUR 425m, and Poland’s longest railway tunnel, the high-speed tunnel in Łódź, worth around EUR 400m. In the healthcare sector, projects include the mother-child ward of a hospital in Poland, a production facility for a pharmaceutical company in Germany, and the MIA health centre Liesing in Austria. In Germany, further contracts were awarded in the automotive industry and for the Insel Gartenfeld comprehensive school. Overall, the order intake increased by 25.4% year-on-year to EUR 4,049m. The order backlog rose by 10.0% to EUR 9,421m – a new high. Civil engineering continues to account for 60.6% of the order backlog and remains the industry’s growth driver.

PORR also increased its production output to EUR 3,171m. Within this, the segment Infrastructure International recorded growth of 19.6%. Strauss explains: “In tunnelling, major projects such as the ElbX Tunnel in Germany and pumped storage power plants have entered the build phase and we have been able to finalise numerous contracts in our project markets”. PORR’s focus remains unchanged on its seven home markets, which together account for 98.4% of production output.

Increase in EBIT

PORR’s revenues also grew in line with production output. In the first half of 2025, they amounted to EUR 2,959.2m – an increase of 1.8%. As PORR was able to reduce its expenses for other purchased services at the same time by EUR 25.6m year-on-year, EBITDA improved by 3.6% to EUR 153.4m. The reduction in purchased services once again highlights PORR’s clear focus on its in-house value chain and on building as much as possible itself.

Lower depreciation, amortisation and impairment expense led EBIT to rise sharply by 15.5% to EUR 48.7m. The EBIT margin increased by 0.2 PP to 1.6%. And there was great news for shareholders: Earnings per share improved by 17.8% to EUR 0.53 per share.

Solid financial position

There is a similarly positive picture for PORR in terms of its financial position. Total assets amounted to EUR 4,271m as of 30 June 2025, broadly in line with the prior year.

The equity ratio increased to 20.0% at the reporting date (30 June 2024: 19.4%) – despite the repayment of the 2020 hybrid bond in February 2025, the buyback and subsequent sale of treasury shares, and the dividend payout. Net debt was down by 7.9% to EUR 301.3m as of 30 June 2025 (30 June 2024: EUR 327.2m). 

Robust global economy: Outlook positive for 2025 

The outlook remains positive. “At the mid-year point, we see a robust global economy, even if growth is not equally strong on every market. The European construction industry is showing growth trends in future-focused areas like data centres and the infrastructure needed for the energy transition – and naturally in the further expansion of transport networks”, says Karl-Heinz Strauss. 

Based on the order backlog which has continued to rise and now stands at EUR 9,421m, the Executive Board continues to forecast a moderate increase in output and revenue as well as an EBIT margin of 2.8% to 3.0% for 2025. The target for 2030 is an EBIT margin of 3.5% to 4.0%.

The assessment of how the business will perform is based on the general conditions in the individual areas as well as the opportunities and risks that arise in the respective markets. Should the high-risk political situation worsen, this could have a negative impact on PORR and its business activities. Any assessment of economic development is therefore subject to forecasting risks.