Top Ten construction companies in Europe
Construction Global looks at the top 10 construction companies in Europe based on revenue
10 | NCC AB (Sweden)
NCC AB (Sweden)
Celebrations for its 30th year in business were muted for the second largest construction company in the Nordic region after reporting a fall in revenue to $6.21bn. “Earnings for 2017 were disappointing and lower than in 2016,” admitted acting President and CEO Håkan Bromanwho who has pledged to reverse this negative trend with a focus on “profitability-enhancing measures”. NCC is active throughout the value chain developing commercial properties and constructing housing, offices and industrial facilities along with public buildings, roads, civil engineering projects and other types of infrastructure. Based in Stockholm, NCC employs over 17,000 staff while its prominent work includes the Vasa Museum, Kista Science Tower and the 54-storey Turning Torso building in Malmo.
9 | Koninklijke Bam Groep (Netherlands)
Koninklijke Bam Groep (Netherlands)
BAM Group’s activities across the Euro zone include non-residential construction, project development, design, engineering services and facility management brought in $7.49bn in 2017. “We are disappointed that the project loss at sea lock IJmuiden set back our 2017 result by €68 million and damaged our margin by 1%-point,” conceded CEO Rob van Wingerden who noted that the majority of the group’s activities performed in line with expectations. “Our order book grew as anticipated while we maintained our tender discipline. We are making further progress delivering on our strategy ‘building the present, creating the future’ as we look to accelerate execution to capitalise on our potential. Key priorities remain pre-construction management, business controls, digitalisation and IT standardisation.” Major accomplishments for the Dutch firm include the Amsterdam Arena football stadium and the HSL-Zuid high-speed rail network.
8 | Balfour Beatty (UK)
Balfour Beatty (UK)
The London-based infrastructure and construction services specialist posted a solid revenue figure of $10.49bn in 2017 - arresting the slight decline in 2016. Leo Quinn, Group Chief Executive, commented: “This result clearly demonstrates that our Build to Last programme is transforming Balfour Beatty. The group has been repositioned to drive sustainable growth in profits, underpinned by a strong balance sheet. It has the right culture and capabilities to capitalise on the rising tide of infrastructure spend in our chosen markets.” Now employing over 30,000 people, its notable works date back to the Churchill Barriers in Orkney completed during the 1940s and the London Aquatics Centre in 2011. Other key projects include the Crossrail Liverpool Street Station and it was recently appointed as sole contractor to Scape Group’s second generation civil engineering frameworks (across England, Wales and Northern Ireland) valued at £2.1bn revenue.
7 | Ferrovial (Spain)
Ferrovial (Spain) $13.86bn (12.21bn euro)
Since 1927, Ferrovial has moved beyond its base in Spain with over 55 years of international activity in 50 countries across five continents working on more than 780 major developments with over 45 years of building and designing concession projects. In 2017, its previous upwardly trending revenue continued to rise reaching $13.86bn under the stewardship of CEO Iñigo Meirás Amusco. Its subsidiary Amey has recently been awarded maintenance contracts with the UK’s Ministry of Defence. Employing over 75,000 people, the company serves Spain, Portugal, Ireland, Switzerland, Greece, Canada, Chile, UK and the United States as one of the world’s leading infrastructure operators committed to developing sustainable solutions. In 2014 the company acquired Glasgow, Aberdeen and Southampton airports. Its most famous work is the construction of Bilbao’s Guggenheim Museum.
6 | Strabag (Austria)
$15.33bn (13.51bn euro)
The Austrian construction firm employs more than 71,000 people who drove revenue back up to 2015 levels posting a figure of $15.33bn for 2017. Specializing in projects such as tunnels, civil engineering, and a variety of transportation infrastructure, Strabag has three main branch operations. One segment manages operations in Germany, Scandinavia, Poland and the Benelux countries with regards to offshore wind and hydraulic engineering. Another sector targets railway construction in countries such as Switzerland, Slovakia, Hungary, Austria and Russia among others. Elsewhere, the international wing focuses on tunnelling, properties, infrastructure and materials. Strabag’s notable works include the Alte Wesser lighthouse, Copenhagen Metro, and Limerick tunnel in Ireland. Recent projects awarded include an increased stake in Germany’s A8 motorway and, thanks to its BIM competence, a turnkey contract from Carlsberg for a building ensemble in Copenhagen.
5 | Eiffage (France)
This Gallic engineering company headquartered in Asnières-sur-Seine once again posted rising annual revenues with a reported $17bn for 2017. It saw operating profits grow by 8.3% thanks to its work delivering projects such as the Chirec hospital in Belgium, the Burbo Bank off-shore wind farm, electrical sub-station, a Polish branch of the Hilton Hotel in Warsaw and a significant rail project for Deutsche Bahn in Germany. After just 25 years in business Eiffage’s now 60,000 strong workforce has completed high profile work on projects like the Channel Tunnel. Looking ahead, the company are ramping activity on major infrastructure projects in Germany such as the Hochmosel bridge and a focus on energy developments in Spain.
4 | Skanska (Sweden)
Skanska’s strong building performance in the Nordics and the US was offset by weaker results in Poland and the UK leading to a slightly reduced revenue posting of £17.55bn for 2017. Actions to restore profitability have been initiated and consist of restructuring of the Polish operations and exiting the power sector in the US while focusing on core business in the UK and continuing to adapt to tougher market conditions in the Czech Republic. Supported by global trends in urbanisation, demographics, and by being at the forefront of sustainability, Skanska offers competitive solutions for both simple and complex assignments as a leading Green Builder in the UK and US having been awarded the Global Real Estate Sustainability Benchmark for a second consecutive year – ranking third among 29 companies. Skanska continues to earn plaudits for its work on buildings such as London’s tallest, the Heron Tower.
3 | Bouygues (France)
The Paris-based construction giant was founded in 1952 by Francis Bouygues and now boasts more than 47,000 employees on five continents driving revenue of $37.35bn in 2017 to keep pace with an equally impressive 2016. With 57% of its business generated outside France, Bouygues operates seven entities covering the entire value chain. Committed to innovation in green construction, in 2017 39% of its R&D spend was devoted to sustainable construction while 56% of its eligible worksites were granted the ‘Ecosite’ label. With a presence in 80 countries worldwide, Bouygues’ flagship projects include the Parc des Princes in Paris, the Musée d’Orsay, a vast complex of buildings for the Qatar Petroleum District and the Orange Velodrome – home of Marseille’s football team.
2 | ACS (Spain)
$39.6 (34.9 euro) up 9% on 2016 while net profits ramped by 6.8%.Cementing its status as a global player, Grupo ACS delivered revenue with a 9% spike for 2017 reaching $39.6bn while net profits ramped by 6.8%. With CEO Florentino Pérez at the helm, ACS has grown divisions that include residential and non-residential construction, infrastructure, services, industrial companies and minority investments. Recently awarded contracts in 2018 include a project for the design and construction of a 22 km stretch of the S-6 bypass between Lebork-Trojmiasto in Poland, construction of a 28km four-lane expressway in the provinces of Cavite and Laguna in the Philippines and a contract in Denmark for the extension of Copenhagen´s underground network to Sydhaven. Notable successes include the Alqueva Dam, Palau de les Arts Reina Sofia, Torre Agbar, LGV Perpignan–Figueres High Speed railway and the Portugués Dam in Ponce, Puerto Rico.
1 | Vinci (France)
Vinci remains at the top of the chart for another year, consolidating a strong 2016 with revenues for 2017 totalling $45.68bn. Vinci design, finance, build and operate infrastructure and facilities across the globe, pledging to improve daily life and mobility for all. Headquartered in Rueil-Malmaison, France, Vinci was founded in 1899 under the name Société Générale d’Entreprises S.A. before becoming Vinci in 2000. CEO Xavier Huillard oversees a 180,000-strong workforce recognised for outstanding collaborative working methods at this year’s BIM d’Or awards held by Le Moniteur.
Vinci recently completed the Assiut Dam in Egypt and has been awarded a contract to reconstruct a landmark pier in Puerto Colombia. Flagship projects include the Gariep Dam, Yamoussoukro Basilica, Pont de Normandie and the Stade de France.