In the first half of 2026, output and revenue were affected by the harsh winter. Building construction in particular was not able to start the construction season until later, while civil engineering recorded a significant increase. Production output stood at EUR 3,167m and was therefore stable at the previous year’s level.

PORR CEO Karl-Heinz Strauss: “The first half of 2026 was extremely dynamic for PORR. We were pleased to secure a number of significant new orders that demonstrate the breadth of our portfolio across all our home markets”. The largest of these was a 13 km section of the western bypass of Szczecin between Kołbaskowo and Dołuje in Poland. The biggest single order in building construction came from Germany: In Erfurt, PORR is realising a chip factory for X-FAB. Here, PORR is once again demonstrating its expertise in the construction of cleanrooms. In Austria as well, PORR won major new contracts, such as the construction of the new psychiatric ward at the Favoriten Clinic and the Lil-y am See residential complex. In Romania, PORR has been commissioned to revitalize Traian Square in Timișoara. Strauss: “Our pipeline is full, and we have many more projects in the pipeline.”

A high comparative figure from the previous year meant that the order intake decreased to EUR 3,466m. As of the reporting date, several potential major projects were still in the final tendering or offer phase. These include extensive building construction projects in residential and industrial construction in Germany with a total value of around EUR 400m, where EUR 200m has been secured in July and August. In addition, PORR has already received a framework agreement in the amount of EUR 270m from the German Bundeswehr in connection with G-CAP (German Armed Forces – Contractor Augmentation Program). Further significant contracts in German infrastructure construction are expected from the increase in tendering and contract-award activity from October onwards. PORR expects a total volume of up to EUR 1.5 bn from this. In Poland, PORR has already won a major infrastructure contract worth EUR 180m after the end of the reporting period.
 

Increase in earnings

“The current earnings performance confirms our course”, says Strauss. While revenue declined by 1.1% to EUR 2,925m due to weather conditions, earnings before interest and taxes (EBIT) rose by 15.6% and earnings before tax (EBT) increased by as much as 26.8% to EUR 49.2m. On the expenditure side, PORR once again succeeded in reducing its cost of materials and purchased services. These fell by EUR 58.8m to EUR 1,882.6m.

The profit for the period also grew by 23.9% to EUR 36.4m. Earnings per share amounted to EUR 0.71, which was 34.0% above the previous year’s figure.

Solid balance sheet structure

PORR’s total assets stood at EUR 4,725.8m as of 30 June 2026, which was 3.2% above the previous year-end. In June, PORR invested in hybrid capital of UBM Development AG. This secures PORR a long-term earnings opportunity with an interest rate of 9.0% as well as a strong sales partner for PORR LIVING, the product line for affordable housing. At the same time, PORR increased its investment in company acquisitions and property, plant and equipment. Overall, this led to an increase in net debt to EUR 460.6m (30 June 2025: EUR 301.4m).

Despite the higher dividend payout, equity increased by EUR 92.0m to EUR 946m. The equity ratio therefore remained at the previous year’s level of 20.0%.