PORR Q3 22 - FY 22 outlook fine-tuned to the upside, now in line with RBIe
Q3 results shaped by 7% output growth and essentially flat EBITDAOrder intake stable, backlog stands at comfortable level of EUR 7.86 bn
FY 22 objectives fine-tuned the targets to the upside, now living up to our forecasts
Output target of about EUR 6 bn vs. RBIe EUR 6.1 bn and EBT of > EUR 100 mn vs. RBIe EUR 108 mn
Despite the positive notion of higher full-year targets, given that we have considered the guidance as conservative for some time, we still have a more neutral view
PORR is engaged in the building construction, structural and civil engineering, road construction and infrastructure construction. Co. also operates the construction branches of planning, development, execution and operation. Co. also coordinates the supraregional activities of the construction branch subsidiaries. Co. is engaged in the contruction of buildings and industrial plants; revitalizing protected architectural treasures; general contractor services, project planning and development; railway construction; foundation engineering; power-plant, tunnel, underground rail and traffic route construction; environmental engineering and prestressing technology.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.