PORR AG PORR BUILDS ON SUCCESS IN 2015
Adhoc announcement according to article 48d section 1 BörseG
Vienna (pta005/17.02.2016/07:30) - Based on preliminary figures for 2015, the Executive Board of PORR AG anticipates production output of EUR 3,524m, a 1.4% increase to the record level of the previous year. This good performance is due to the clear strategic focus on the home markets with a strong credit standing - Austria, Germany, Switzerland, Poland and the Czech Republic - as well as international infrastructure projects.
The order backlog of EUR 4,579m is set to be 12.8% higher than the previous year, thereby representing a new record high in the company's 147-year history. Order bookings rocketed by 29.0% to EUR 4,045m and were equally spread across the individual business units. Moreover, they were not influenced by one-off effects such as single large-scale projects. Key contributing factors to this high cushion of orders included successful acquisitions on the home markets with significant new tenders from the DACH region and Poland.
Furthermore, as of 31 December 2015 PORR AG is net debt free for the second time in a row. The net cash position has undergone a significant improvement against 2014. In addition to the stable operating business, further optimisation steps in working capital management contributed to the very positive trend.
PORR AG will announce the final figures for the 2015 business year on 21 April 2016.
Christian B. Maier, CFO PORR AG Telephone: +43 50626 1009
emitter: PORR AG address: Absberggasse 47, 1100 Wien country: Austria contact person: Dir. Prok. Rolf Petersen phone: +43 50626-1199 e-mail: email@example.com website: www.porr-group.com
ISIN(s): AT0000609607 (share), AT0000A0XJ15 (bond), AT0000A19Y28 (bond), AT0000A19Y36 (bond), DE000A1HSNV2 (bond) stock exchanges: official trade in Vienna; entry standard in Frankfurt
[ source: http://www.pressetext.com/news/20160217005 ]