The construction company Porr reported a loss of CZK 42.5 million in the Czech Republic last year after a net profit of CZK 117.3 million last year. Revenues of the company fell by 4.5 percent year on year to CZK 5.78 billion, announced the company in its company annual report.
The economic results and turnover were decisively affected by the direct and indirect consequences of the pandemic. Among other things, it fundamentally distorted the market demand for construction services, as well as reduced public sector activity, according to the report.
In building construction, last year the company completed, for example, the renovation of the shopping center of the Vinice building in Prague, the construction of apartment buildings in Prague’s Štěrboholy, the construction of an administrative building for Czech ports or the extension of part of the Budvar bottling plant in České Budějovice.
In traffic construction, it completed, for example, the reconstruction of the section of the D10 motorway between the 58th and 66th kilometers, the construction of the D6 motorway in the section Nové Strašecí – Řevničov or the reconstruction of the first class road in the section Nový Jičín – Hodslavice.
According to the amount of sales, Metrostav was the leader of the Czech construction market last year; year-on-year, the company’s sales fell by 14.3 percent to CZK 22.8 billion. Net profit increased by 1.8 percent year-on-year to CZK 625.1 million. With sales, Porr ranks in the top ten construction companies.
Porr is a subsidiary of the Austrian company of the same name, which was founded in 1869 and whose first contracts included the reconstruction of the horse-drawn railway from České Budějovice to Linz on a steam railway. Porr International ČSFR was founded in 1991, two years later it changed its name to Porr Praha. In 2012, it merged with Pražské silnice a vodohospodářské stavby and changed its name to Porr. The year before, she completed the merger with Alpine Bau CZ. At the end of last year, 1,081 people worked in the company in the Czech Republic, 139 more year-on-year.
Source: Porr and CTK
