Porr boss: “The situation is better than the atmosphere”

Interest rate changes, increased material prices and stricter equity requirements for real estate financing are affecting the construction industry. The head of the listed construction group Porr, Karl-Heinz Strauss, is still confident about the future prospects.

“Without the construction industry, the megatrends of urbanization, mobility, education and health infrastructure cannot be mastered”said Strauss this week. Porr’s order books are full, including civil engineering, road construction, railway construction and infrastructure. Strauss expects that residential construction, which is currently in crisis, will recover again. “The situation is better than the atmosphere. Many are already starting the calculations again, especially the non-profit housing developers. We are currently calculating more for our customers than ever before.” Things are looking quite good for residential construction in 2024.

Workers from third countries

Strauss is also optimistic about the personnel situation in the construction industry. He doesn’t believe that the construction industry will lose talent due to demographic developments, but it won’t work without the influx of workers from other countries such as India or Pakistan.

Porr employs around 20,000 people across Austria. Production output amounted to 6.2 billion euros in the previous year.

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