21st Austria weekly - Porr 23/05/2024 [pic1]Porr: Construction group proved exceptionally stable in the first quarter of 2024. PORR’s production output totalled EUR 1 323m 2024 making it 4.1% higher than previous year’s figure. In – traditionally weakest year due to seasonal factors revenue remained compared same period last at 1 275.6m 1-3/2023: 1 266.3m. Thanks efficient supplier management cost materials and other related services was reduced by 4.0%. This resulted a substantial increase EBIT 14.4% 11.3m. addition PORR saw EBT almost double from 4.5m 8.0m. CEO Karl-Heinz Strauss sees grounds for optimism: “We expect industry recover over course year partly expected interest rate cuts ongoing support measures European
21st Austria weekly - FACC Porr 22/02/2024 [pic1]FACC: Aerospace supplier FACC AG achieved a 22.8 % increase in revenue to € 745.6 million the 2023 financial year thus successfully continuing its growth path. The annual generated is third-highest company s history and reflects rapid recovery of international aviation industry. EBIT 17.5 more than tripled compared 2022 but was impacted by inflation-driven cost increases global supply chain issues affecting availability materials. In line with general projections customer forecasts received management expects further range 10 15 continued improvements earnings 2024 year.FACC: performance: 1.30% Porr: International non-profit environmental organisation CDP awarded construction company B rating areas Water Security Climate
21st Austria weekly - Porr CA Immo 30/01/2024 [pic1]Porr: Construction group Porr has issued a deeply subordinated bond to refinance its 2020 and 2021 hybrid bonds which are repayable for the first time in February 2025 November 2026 respectively. The achieved volume of 135 mn Euro an coupon 9.5 %. "With tailwind our positive corporate development expected good result 2023 we can now take this important step towards securing equity structure long term. We have easily reached target thus ensure planning security next five years" says Karl-Heinz Strauss CEO Porr.Porr: performance: -7.16%CA Immo: Based