Porr

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Porr AG

logo
legal form Corporation
ISIN AT0000609607
founding 1869 (as General Austrian Construction Company )
Seat Vienna , AustriaAustriaAustria 
management Karl-Heinz Strauss
Number of employees 19,828
sales 5.6 billion euros (2019)
Branch construction
Website porr-group.com

The Porr AG (proper spelling PORR AG ) is an on the Vienna Stock Exchange -listed construction company based in Vienna . It is one of Austria's largest construction companies and operates nationally and internationally in all sectors of the construction industry: from civil engineering , including traffic routes , tunneling and civil engineering on the building construction to environmental and facility management .

Today's parent company Porr AG was founded in 1869 under the name Allgemeine Österreichische Baugesellschaft as a stock corporation, making Porr the oldest publicly listed company in the country. The name Porr goes back to the construction technician Arthur Porr , the co-founder of A. Porr Betonbauunternehmung Ges.mbH, which merged with the company in 1927

history

In 1869 the Allgemeine Österreichische Baugesellschaft was founded in Vienna. The company was first listed on the Vienna Stock Exchange on April 8, 1869. The company's first major order was to re- route the Linz – Budweis railway line in order to switch to steam operation. In the 19th century, a number of ring road structures were built , such as the House of Industry on Schwarzenbergplatz. In 1873 the company built seven exhibition pavilions and numerous hotels for the World Exhibition in Vienna.

Arthur Porr, a pioneer of concrete construction, and O. Stern founded A. Porr Betonbauunternehmung Gesellschaft Ges.mbH in 1908

The two parent companies merged to form Allgemeine Baugesellschaft - A. Porr Aktiengesellschaft. In 1930 the company did pioneering work with the construction of the world-famous Grossglockner High Alpine Road . In the interwar period, Porr was involved in the construction of numerous power plants, roads, railways and industrial buildings.

After the war, prestigious office and commercial buildings were built, such as the striking Ringturm in Vienna in 1953 . Porr also increasingly became the general contractor for large national projects. In the seventies, Porr developed the New Austrian Tunneling Method, which revolutionized civil engineering worldwide. With the establishment of branches outside Austria, the company positions itself as an international group that realizes construction projects of all types and dimensions in Europe and the Middle East. In 1973 the Vienna International Center and the Vienna UNO City were built. In the 1980s, the group expanded its activities to Central and Eastern Europe. In 2000 Porr became the majority owner of Teerag-Asdag , the most important road construction company in Austria at the time.

Karl-Heinz Strauss has been CEO of Porr since September 2010 . At the time, the Porr Group was extensively restructured. At the end of 2010, Porr took over the Teerag-Asdag shares from Wiener Stadtwerke and thus became the sole owner. In June 2011 the powerful Porr Bau GmbH was founded, which was created through the merger of Porr Projekt und Hochbau Aktiengesellschaft with Porr Technobau und Umwelt Aktiengesellschaft.

A syndicate from the IGO Industries Group and the Strauss Group has held the majority of the shares since 2012. The rest is in international free float. In 2013 the company name was changed from Allgemeine Baugesellschaft - A. Porr  AG to Porr AG, which means that the group operates internationally as Porr.

In 2014, the real estate division was spun off and Porr became a pure construction company. In 2016, Teerag-Asdag merged with Porr Bau.

In March 2017 Porr announced to Heijmans belonging Oevermann group to buy. The company was included in the Austrian Traded Index (ATX) for the first time in June 2018 .

Corporate structure

At the head of the Porr Group is Porr AG, an operational, strategic holding company with a number of staff units. Organizationally, Porr is divided into three business units. It is led by members of the Executive Board .

The company is structured in business units:

  • Business Unit 1 (BU 1) includes country responsibility for Austria and Switzerland as well as Porr Industriebau. In 2019, the areas of environmental technology and railway construction including slab track Europe were added. In addition, investments such as Prajo, TKDZ, Thorn, PWW and ALU-SOMMER are integrated in BU 1.
  • Business Unit 2 (BU 2) comprises Porr's activities in Germany and is divided into four regions: South (via Munich), East (via Berlin), West (covered by Porr Oevermann) and North (via Hamburg).
  • Business Unit 3 (BU 3) concentrates on the home markets of Poland, the Czech Republic, Slovakia and Romania as well as on the project markets of Porr - Qatar, the UAE and Norway. There is also the Major Projects division, which brings together large slab track infrastructure projects outside of Europe.
  • The remaining holdings are bundled under Porr Beteiligungen und Management, or PBM for short, under the holding company.

Range of services

Porr's range of services covers the entire construction value chain. From planning to construction, operation and finally the demolition or renovation.

Building construction

In the building construction sector, Porr's range of services includes offices, hotels, schools, apartments, administration buildings, objects in the healthcare sector, industrial plants and football stadiums as well as the revitalization of architecture that is worth protecting.

Civil engineering

Numerous tunnels, bridges, underground trains, track systems, power plants, industrial plants and motorways in Austria and in the international environment have been implemented by Porr in the past. The company holds numerous patents, including some of the most advanced tunnel and railroad construction systems, as well as specialty processes for the remediation of contaminated sites and the treatment of hazardous waste.

Infrastructure

In the course of its history, Porr has built a number of infrastructure structures: tunnels, bridges, underground trains, rail and track systems as well as slab track projects. The areas of power plant construction, foundation engineering, line construction, road and traffic route construction as well as various large projects in the civil engineering segment round off Porr's service portfolio in terms of infrastructure.

environmental engineering

The Porr Umwelttechnik  GmbH was founded in 1990 as a subsidiary of Porr to the Group's existing knowledge to focus on the field of technical environmental protection and develop innovations in planning, financing, construction and operation of environmental structures and plants and put them into practice .

Buildings

Selected buildings by Porr:

Shareholder structure

The voting rights of the Strauss Group and IGO Industries are bundled in a syndicate . This means that the majority of the votes at the general meeting are represented as one.

shareholder proportion of
Free float 46.3%
Syndicate (Strauss Group, IGO Industries Group) 53.7%

Status: June 2020

literature

  • Manfred Waldenmair (Ed.): Building connects people. PORR AG - For 150 years of innovation for top performance. Brandstätter Verlag, ISBN 978-3-7106-0328-0 , 2019.

Web links

Individual evidence

  1. ^ Porr AG history
  2. ↑ a b c Investor relations factsheet (on the company's website), accessed on July 1, 2020
  3. ↑ Porr splits off real estate business: PIAG is listed on the Vienna Stock Exchange from today , Wiener Börse News, December 10, 2014
  4. ↑ Entry on Porr, Allgemeine Baugesellschaft A. Porr AG in the Austria Forum  (in the AEIOU Austria Lexicon )
  5. ↑ Railway construction. (PDF) In: porr-group.com. 2012, p. 2 , accessed on July 31, 2020 (milestones).
  6. ↑ a b c 150 years of PORR: industry pioneer since 1869. Accessed on June 29, 2020 .
  7. ↑ CV of GD Ing.Karl -Heinz Strauss (CEO) , porr.at, accessed September 14, 2014.
  8. ↑ Porr AG: First press conference with Karl-Heinz Strauss in a new role , APA, 20100915, OTS0139
  9. ^ Austrians buy Oevermann , at www.wn.de , accessed on March 18, 2017
  10. ↑ derStandard.at: Buwog disappears from the Vienna Stock Exchange . Article dated June 22, 2018, accessed June 22, 2018.
  11. ↑ a b PORR Annual Report 2019. Accessed June 29, 2020 .
  12. ↑ PORR company profile | Information about PORR | finanzen.net . In: finanzen.net . ( finanzen.net [accessed on March 20, 2019]).