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European Powers of Construction 2006

Analysis of key players and markets in construction


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The annual review of the top European construction companies by Deloitte shows that in terms of the number of companies the French, led by VINCI and Bouygues, dominate the top ten with the UK dominating the top one hundred. Seventy-six of the companies reported revenue growth. Average net income in 2005 was 3.7%, up from 3.2% in 2004, with the higher income percentages concentrated in the mid-sized companies which averaged revenues of between €2b and €5b.

Construction industry in Croatia

Top construction companies in the Croatia
Rank Company Total revenue(€m) Net income(€m)
1. Strabag 241 N/A
2. Bechtel 240 17
3. Hrvatske Ceste doo 170 N/A
4. Konstruktor inzenjering dd 166 2
5. Viadukt dd 146 1
Note: Exchange rate used for 2004 is €1=HRK7.5.

The Croatian economy grew by 4.3% in 2005, but key problems remained including high unemployment, a budget deficit and a widening trade deficit. In the early 1990s, construction saw a boom due to physical damage caused by the 1991-95 war. Activity then declined in the late 1990s, but since 2001 has starting growing again, helped by the government working on a regulatory framework for efficient deregulation and privatisation of infrastructure. During the past few years, construction sector growth has been influenced by several major infrastructure projects. For example, the government announced that €725.7m would be invested in the construction and maintenance of Croatia’s motorways and roads in 2006. The construction industry made €2.95b in 2005, up 8% from €2.73b in 2004. This growth outstrips real GDP growth of 4.3%, but as a percentage of GDP the volume of construction has marginally decreased. Poor road infrastructure has historically caused problems for Croatian businesses, especially those transporting goods by road. In the past few years, the situation has improved as the government has invested in road construction programmes. Between 1998- 2002 about 500km of roads – including 125km of motorways – were constructed. This has resulted in the movement of goods by road increasing by more than a third between 2001-2004.

About the report

2006 Global Security Survey (cover)

The fourth annual report on the European Powers of Construction identifies the 100 largest construction companies in Europe and provides economic and industry insights into the European marketplace. The report is based on data from public sources, such as annual reports and economic figures from OECF, FIEC and Eurostat, and from national economic and construction institutes and websites.

The publication contains also four interviews with senior executives of major European companies and provides a series of featured articles covering the house building sector in western Europe, PPP/PFI, risk management and sustainable development in the construction industry amongst others, and country profiles for 21 European countries.

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