MIPIM 2019 (24.1 MB)
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Positions & Opinions<br />
Construction is<br />
a people business<br />
Home & project markets. "I believe that the Austrian construction industry - and PORR as the market leader<br />
- is taking on the role of a trailblazer in this area in the continental part of Europe,” says PORR CEO Karl-Heinz<br />
Strauss in this interview with ImmoFokus..<br />
interviewed by:Michael Neubauer<br />
You took on the leadership of PORR in<br />
2010. Which international developments<br />
have occurred within the company since<br />
then and where do you see PORR in 10<br />
year's time?<br />
Karl-Heinz Strauss: What I found was a<br />
company that constituted an orchestra which<br />
was not quite in tune and was playing in a lot<br />
of concert halls it had no business playing in.<br />
We have consequently looked very closely at<br />
the markets in which PORR can demonstrate<br />
its strengths. Since then we have developed<br />
into a leading construction company within<br />
our five home markets. We are the market<br />
leader in Austria, in the top 5 in Germany and<br />
Switzerland, and we are one of the leading<br />
companies in Poland and the Czech Republic.<br />
In these markets, we offer everything that a<br />
construction company can offer - and PORR<br />
has a very broad portfolio.<br />
We also focus on the so-called project markets,<br />
where we can exploit our expertise in<br />
tunnelling, infrastructure and railway construction.<br />
This has proven successful in Qatar,<br />
Romania, Slovakia, Norway and England. We<br />
have given up on all other markets in Eastern<br />
Europe - Russia, Ukraine, Bulgaria, Serbia,<br />
Croatia, Slovenia, Macedonia and Montenegro<br />
- in order to focus on the existing five<br />
home and attractive project markets. However,<br />
project markets are only attractive as long<br />
as PORR can acquire worthwhile orders in<br />
these regions. If this is no longer the case, we<br />
will withdraw . We always have two or three<br />
potential target markets with interesting projects<br />
on our radar.<br />
Currently …<br />
… these are Sweden or Denmark, both heavily<br />
investing in infrastructure. We can play to<br />
our strength in railway construction with our<br />
patented "slab track". In the next ten years,<br />
we want to continue to strengthen our home<br />
markets, that is, to be even more diverse.<br />
PORR is a construction company and we re-<br />
main a construction company. And we build<br />
as much as we can ourselves. With this strategy,<br />
we want to dramatically increase our net<br />
value within our markets. However, this will<br />
only work if we also can hold onto the knowhow<br />
and invest in further training for our employees.<br />
The competence of our own people is<br />
irreplaceable. We have a variety of strategic<br />
partnerships - that's a part of business, but<br />
we're primarily focussed on the PORRians.<br />
Let us briefly return to the home markets<br />
of Germany, Switzerland, Poland and the<br />
Czech Republic. Do the leaders of the respective<br />
national companies come from<br />
headquarters in Vienna or are you working<br />
with local partners? Are you focussed on<br />
organic growth or expansion through acquisitions<br />
and takeovers?<br />
Two thirds are organic growth and one third<br />
is accounted for by additional purchases. We<br />
tend to acquire in the markets we enter for the<br />
first time or in order to obtain know-how that<br />
10 ImmoFokus