The 100 largest construction companies listed on the stock exchange are building more and more despite the Corona pandemic. This is according to the "Global Powers of Construction" study published by Deloitte GmbH Wirtschaftsprüfungsgesellschaft. Total construction revenue was $1.8 trillion in 2021, up 14 percent from the previous year, according to Deloitte.
However, Deloitte points out that the Ukraine war, which is leading to supply bottlenecks and price increases, has not yet been included in the study. The first six places with the highest sales are held by companies from China; China State Construction Engineering Corp. Ltd. makes the start with annual sales of 293 billion euros. Vinci follows in 7th place with annual sales of 58 billion euros, the first company from Europe (France). Bauer AG is the only German company in the top 100, with annual sales of around 1.8 billion euros.
"The ongoing pandemic restrictions, the accompanying effects of the current geopolitical crises and the general economic slowdown are already having a current impact on the development of the global construction industry," says Michael Müller, Partner and Real Estate Leader at Deloitte. At the same time, he sees development opportunities in the construction industry, among other things due to advancing digitalization. Interested parties can download the study free of charge at deloitte.com.
Source and further information: deloitte.com
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