In the following reference, we provide you with an overview of two successful projects that we implemented in collaboration with the company PORR. The Management Factory acted in an interim capacity and made a significant contribution to the success of the projects.
The Client:
As a major international construction company, PORR can build on more than 150 years of experience in planning, development and execution. With around 20,000 employees, the Group generates annual sales of EUR 5.5 billion. In addition to the core markets of Austria, Germany, Switzerland, Poland and the Czech Republic, PORR is active in numerous countries in Eastern Europe and in Qatar.
PORR 1:
The Project:
- The difficult economic situation, declining investments by public and private clients, strong competition and the continuous decline in European construction services have prompted the Executive Board of the Porr Group to launch the “fit for future” restructuring and optimization program.
- The aim is to position the company in the first third in terms of costs and earnings compared with the rest of the industry and to reduce the level of debt in the Group.
- Management Factory has been appointed to lead the restructuring program. The cost savings achieved in 2013-2016 significantly improved the Group’s earnings position.
Highlights:
- Massive cost savings in the administrative area and significant improvement in net debt.
- Successful turnaround of the Porr Group
PORR 2:
The Project:
- Due to the COVID-19 crisis and issues with individual major projects, the PORR Group’s results turned into a loss in 2020. Consequently, the board saw the need to strengthen the group’s operational and commercial management.
- The goal is to improve the group’s EBT margin to 3% of performance in the medium term. Management Factory was tasked with leading the commercial management.
- Key tasks include the operational and commercial management of the PORR Group, the further development of the controlling, reporting, and management system, support for country CEOs, COOs, and CFOs in commercial matters, and ensuring a functional and effective risk management system and organization within the group.
Highlights:
- Improvement of margin situation through enhanced risk management and controlling
- Improved results and competitiveness through reduction of administrative costs