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FAQ

Business model

The PORR Group is a European construction company with about 20,665 employees and a production output von about EUR 6.6 bn (2023) one of the largest Austrian construction companies and one of Europe‘s leading infrastructure specialists. On the seven stable home markets of Austria, Germany, Switzerland, Poland, Czech Republic, Slovakia and Romania — PORR generates around 97% of its production output. As the oldest listed company in Austria it has been traded on the Vienna Stock Exchange for more than 150 years. Today it is listed on the prime market segment.

PORR is and will remain a construction company. It is one of the leading players in Europe. For more than 150 years, PORR has been successfully realising complex construction projects in building construction and civil engineering. It is one of the few specialists in the infrastructure sector and covers the entire construction value chain there as well.

As a design-build provider and general contractor, it realises extensive construction projects. The aim is to further expand its strong market position. At the same time, as a technology pioneer in the fields of Building Information Modelling (BIM) and circular construction, PORR sets standards for the entire industry. It enables innovative and sustainable solutions in design, planning and construction. Across all projects, the focus is on partnership-based cooperation with all stakeholders, coupled with efficient processes and the core competency in construction.

PORR’s business activities are divided into permanent business and the project business. PORR only offers its full range of services on its permanent markets. In addition to Austria where the company has its headquarters in Vienna, this also includes all of PORR’s other European home markets: Germany, Eastern Switzerland, Poland, the Czech Republic, Slovakia as well as Romania. On its project markets of Norway, Qatar and the United Kingdom (UK) the company focuses on export products in tunnelling, railway construction and specialist civil engineering.

The vision “PORR – Home of Construction. To Build a Better World” sets the direction for the Group strategy. The strategic focus remains on Intelligent Growth with Green and Lean. In concrete terms, this means expanding the leading market positions in the European home markets. This will be achieved by selectively expanding the depth of value creation and strengthening the Group’s regional presence. As a technology pioneer and with strong, Group-wide expertise in circular construction, PORR is positioning itself as a sustainable infrastructure provider. It serves as a one-stop shop for holistic solutions in all areas of construction. The primary goal is to increase the value of the company long term. And to do this for and with every stakeholder.

Our vision: PORR – Home of Construction. To build a Better World.

Our mission: We believe in a better world, a home facilitated by sustainable buildings. Those who build change the world. For more than 150 years, standing at the forefront of the construction industry with new technologies has been in our DNA.

Our goal is to shape the environment sustainably, while driving innovation and growth. And with it a world worth living in for everyone – today and tomorrow.

This allows us to offer holistic construction solutions from a single source – from design to construction to operations, in building construction, civil engineering and infrastructure. Innovation, expertise and reliability – Powered by PORR

An average of around 20,665 staff members were employed across the Group in 2023.

Four megatrends – namely demographic change, decarbonisation, the digitalisation of construction processes, and deglobalisation, i.e. the “four Ds” – serve as the framework conditions defining the future of construction.

  • Demographic change
    Urbanisation: The urban population will double by 2050.
    Ageing society: The global average age will increase by over five years by 2050.
     
  • Decarbonisation
    Plus 1.5 degrees Celsius – maximum.
    Europe: First climate-neutral continent with EU Green Deal and EUR 600 bn investment.
     
  • Deglobalisation
    In search of resilience for production and supply chains.
    Regionalisation requires extensive adjustments.
     
  • Digitalisation
    Level-up with artificial intelligence.
    Digitalisation in construction: Here to stay.  

Financials

The consolidated financial statements are prepared pursuant to Art. 245a of the Austrian Commercial Code in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and endorsed by the European Union and in accordance with the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC).

The interim consolidated financial statements on the first half-year of the PORR Group are published in accordance with IAS 34 Interim Financial Reporting, using the standards of the International Accounting Standards Board (IASB), the International Financial Reporting Standards (IFRSs) adopted by the European Union, as well as the interpretations of the International Financial Reporting Interpretations Committee (IFRIC) in addition to standards applicable for the first time as of 1 January.

The interim consolidated financial statements on the first and third quarter of the PORR Group are prepared under application of the accounting and measurement methods used in the consolidated statements as of 31 December of the previous year and the standards applicable for the first time since 1 January.

The reporting currency is the euro, which is also the functional currency of PORR AG and of the majority of the subsidiaries included in the consolidated financial statements.

The indicator production output includes traditional design, planning and construction services as well as services from landfill operations and raw material sales and therefore all of PORR’s key services. For fully consolidated companies, this output corresponds approximately to the revenue defined and reported in accordance with IFRS. In contrast to revenue, production output also includes the output from joint ventures and companies accounted for using the equity method and subordinate companies in line with the interest held by the Group. Differences in definitions are reconciled pursuant to commercial criteria.

The Executive Board and the Supervisory Board of PORR will propose a dividend of EUR 0.75 for the 2023 reporting year at the Annual General Meeting. The dividend yield is thereby 5.9% and the payout ratio is 33.9%.

PORR consistently adhering to its dividend policy, which provides for a payout ratio of 30% to 50%. The payout ratio is defined as the ratio between dividends per share and earnings per share.

The share

The PORR share has been listed on the Vienna Stock Exchange since 8 April 1869, making PORR the oldest listed company in Austria. Since 22 December 2014 the share has been listed on the prime market of the Vienna Stock Exchange, the exchange’s top segment.

There are 39,278,250 ordinary shares in issue with the ISIN AT0000609607.

The shareholder structure can be found here.

PORR is currently covered by six brokers: ERSTE Group, Joh. Berenberg, Gossler & Co. KG, Kepler Cheuvreux, Montega, Raiffeisenbank International, SRC Research and Warburg Research.

IR Service

You are welcome to sign up for our IR mailing list, from which we regularly send out news on PORR by email. Register here.

Please understand that for reasons of sustainability and environmental protection we now only print a limited number of Annual and Sustainability Reports. You are welcome to order one by email at IR@porr-group.com. We no longer print copies of the interim reports.

The best way to get in touch is by email at IR@porr-group.com. Otherwise you can reach us by tele-phone +43 (0) 50 626-1763 during normal business hours (MO–DO 8am–5pm, FR 8am–12am).

Compliance

Acting ethically, fairly and transparently is not a matter of obligation for PORR, but of conviction. The PORR Principles, clear rules and responsibilities as well as intensive training ensure that this conviction is also practised in everyday life.

Fairness and transparency build trust. Ethical, fair and transparent action is in line with the company’s principles and means stability in times of change. It also represents the essence of responsible corporate governance. Adherence to compliance rules is particularly important in the highly fragmented construction environment. Legally compliant and transparent behaviour is a top priority at PORR and is the only way to build trust with stakeholders and for responsible business practices to be put into practice.

Our values and our code of fair and ethical behaviour are set out in the form of Codes of Conduct for staff and for business partners. These contain binding economic, ethical-social and environmental minimum standards as well as the five PORR Principles: Reliability, Shoulder to Shoulder, Appreciation, Passion and Pioneering Spirit. They form the cornerstone of the corporate culture. This is why everyone who (wants to) work with PORR is called upon to behave in accordance with the Code of Conduct, to comply with the guidelines set out therein as well as with locally applicable laws, and to act responsibly.

The PORR Group has a compliance management system that covers all relevant aspects. This includes the topics of anti-corruption, antitrust and competition law, wage and social dumping and issuer compliance. The careful handling of personal data is also ensured by the compliance management system. This minimises risks, ensures the quality of products and services and, last but not least, safeguards PORR’s reputation. The result is reflected in increased trust on the part of customers, business partners and authorities.

PORR systematically fulfils its duty of care: The Group is certified in accordance with ISO 37001 (Anti-Corruption Management) and ISO 37301 (Compliance Management System). PORR’s quality management system is certified to ISO 9001. The implementation of the aforementioned guidelines is monitored by means of annual update checks.

Legally compliant and transparent behaviour is a top priority at PORR. Corruption has no place here. This is binding for all stakeholders. There are no exceptions, as unfair business practices can cause lasting damage to PORR’s reputation and bring it into disrepute.

Since 2017, PORR has had a system in place for reporting violations regulated by the Market Abuse Regulation (issuer compliance) as well as violations in connection with money laundering or terrorist financing. On the one hand, reports can be made via the email address compliance@porr-group.com. Secondly, the whistleblowing platform allows anyone to communicate anonymously via the PORR website. It covers all national legal requirements and fulfils all the requirements of the Whistleblowing Directive. The platform can only be analysed by the Chief Compliance Officer and the compliance officers of the respective countries. Analogously to the whistleblowing system, PORR is currently implementing an IT system for reporting incidents and suggestions for improvement in the areas of anti-discrimination, harassment, residents’ complaints and human rights. In accordance with the German Supply Chain Due Diligence Act, the reporting of human rights incidents goes beyond the existing system. It also offers a fully anonymous entry option.