PORR AG concluded the first half of 2026 with an order backlog of EUR 9,839 million, indicating a secured workload for the next eighteen months. Despite selective order acceptance, the project pipeline is comprehensively filled. Period earnings saw an increase of 23.9%. This development is attributed to consistent cost management and realised efficiency improvements.
In the reporting period 2026, output and turnover were affected by weather conditions at the start of the year. While building construction commenced the construction season later, civil engineering showed positive development. Production output reached EUR 3,167 million, matching the previous year's level. According to Karl-Heinz Strauss, CEO of PORR, the first half of 2026 was extremely dynamic and marked by several significant new orders, reflecting the broad positioning of PORR’s portfolio in its home markets.
Among the largest individual orders was a 13 km section of the western bypass of Szczecin in Poland. In German building construction, PORR is constructing a chip factory for the Fab4Micro project at the X-FAB site in Erfurt, leveraging its expertise in cleanroom construction. In Austria, significant projects such as the new psychiatry building at Klinik Favoriten and the Lil-y am See residential complex were secured. In Romania, the revitalisation of Traian Square in Timișoara is part of the order portfolio.
- —In Germany, extensive building construction projects in residential and industrial construction with a total value of approximately EUR 400 million were finalised.
- —A framework agreement with the German armed forces in connection with G-CAP amounting to EUR 270 million was secured.
- —Further orders in German infrastructure construction with an anticipated total volume of up to EUR 1.5 billion are earmarked.
- —A major infrastructure order in Poland after the reporting period amounts to EUR 180 million.
Order intake amounted to EUR 3,466 million. A multitude of potential major projects were in their final tender or offer phases as of the reporting date.
Despite a weather-related turnover decrease of 1.1% to EUR 2,925 million, operating profit (EBIT) increased by 15.6%. Profit before tax (EBT) rose by 26.8% to EUR 49.2 million. Material and service expenses were reduced by EUR 58.8 million to EUR 1,882.6 million. Period earnings increased by 23.9% to EUR 36.4 million, and earnings per share, at EUR 0.71, were 34.0% above the previous year's figure. This earnings development confirms PORR’s chosen strategic direction.
The balance sheet total increased by 3.2% to EUR 4,725.8 million as of 30 June 2026. An investment in hybrid capital of UBM Development AG with an interest rate of 9.0% was made to secure long-term earning opportunities and establish a sales partner for the PORR LIVING product line. Simultaneously, investments in corporate acquisitions and tangible assets increased, leading to a rise in net debt to EUR 460.6 million (previous year: EUR 301.4 million). Despite a higher dividend payout, equity increased by EUR 92.0 million to EUR 946 million, keeping the equity ratio stable at 20.0%.
For the full year 2026, the Executive Board forecasts output and turnover growth of 2% to 4%, as well as an EBIT margin between 3.2% and 3.3%. Civil engineering will continue to drive industry growth through investments in energy infrastructure, water management, and railway construction. Building construction remains stable, with impetus from the health, education, and logistics sectors. Residential construction, despite a discernible turnaround, remains the area with the greatest demand for affordable housing.
