All Financial results Articles
German infrastructure construction giant Hochtief didn’t sign any new lump sum contracts in 2023 as it continues to de-risk its projects.
Last year was “another record year” for UK construction group
US-based construction company Granite hailed an ‘outstanding’ fourth quarter that helped it to increase its 2023 full-year revenue by $208 million to $3.5 billion for the year.
A focus on high-tech infrastructure projects such as data centres and energy transition projects has driven record new orders of US$39.7 billion
Scott Hazelton of IHS Markit on what could be a challenging year for German businesses
Rental penetration has reached pre-pandemic levels and growth expectations are higher than expected
US-based engineering, procurement and construction company Fluor saw its pre-tax profit in Q4 of 2023 halve, in spite of a small increase in revenue.
Austrian construction contractor Strabag saw its output hit a record of €19.1 billion (US$20.5 billion) in 2023 despite a cooldown in the sector.
Strong end to financial year will give way to ‘stable’ 2024 and consolidation
Construction backlog at “historically high level” as Skanska delivers year-end results.
Slight drop in fourth quarter sales lifted by significant income rise for full year as backlog soars
French construction group Vinci has reported a 12% increase in revenue to €68.8 billion (US$74.2 billion) in 2023 but has warned that growth in 2024 is likely to be at a slower pace.
Infrastructure consulting firm Aecom’s financial results for the first quarter of 2024 have exceeded its expectations.
Earlier this week, US construction equipment manufacturer Caterpillar unveiled what it hailed as the best financial year in its history.
Full year 2023 revenue rose 21% y/y to a record $34.1 billion
Despite sales falling in fourth quarter for construction segment, 2023 a record year for giant OEM
Summary of five of the week’s biggest news stories on Construction Briefing
Sales in two key markets saw OEM post increase in machines sales in 2023 compared to 2022
On the heels of a record-breaking fourth quarter, the world’s largest rental company looks forward to the expansion of specialty rentals and its growing role in mega projects
Forecast follows record 2023 and despite economic downturns in some markets in the months ahead
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