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PORR: Repurchase of profit participation rights

Vienna, 16.02.2024 - The Management Board of PORR AG has decided to buy back and redeem the profit participation rights (AT0000A086F0) issued in 2007 via ABAP Beteiligungs Holding GmbH and transferred to PORR AG as issuer in 2019, which are currently outstanding in a nominal amount of EUR 40.0 million, in their entirety from the sole investor.

Successful completion of the refinancing



The transaction is to be executed and settled in the next few days. This will further reduce PORR's hybrid capital. This step is made possible by PORR's very positive equity development in the 2023 business year. At 19.4% at the end of the third quarter of 2023, this was already close to the target corridor of 20-25% and 0.9 PP above the previous year's value. As a result of the successful working capital management in recent months, this positive trend in the equity ratio continued until the end of the year.

"Thanks to our progress in receivables management and the very pleasing increase in the equity ratio, this step will allow us to finalise the refinancing of our hybrid instruments and reduce our capital costs at the same time. Due to our positive business and earnings performance, we continue to expect a sustainable equity ratio of over 20%," says Karl-Heinz Strauss, CEO of PORR.

Please contact us if you have any questions:

Karl-Heinz Strauss
+43 50 626 1001

Klemens Eiter
+43 50 626 1004



Melanie Manner
Press Officer & Media Relations
+43 50 626 5867


Investor Relations:

Lisa Richter
Head of Investor Relations
+43 50 626 1765


Here you can find all of the materials related to this press release. Maybe you still have additional questions? Simply contact us. We look forward to providing you with answers.

Melanie Manner Press spokeswoman