The twelfth edition of European Powers of Construction examines the performance of the major listed European construction groups in terms of revenue, market capitalisation, internationalisation, diversification, indebtedness and other financial ratios.
As in previous years, the ranking of the Top 20 EPoC 2014, by market capitalisation, is headed by Vinci, Ferrovial and Bouygues. Barratt achieved the highest increase in absolute terms, while FCC attained the most significant percentage growth mainly due to a €1,000 capital increase in December 2014. Despite the fact that EPoC have generally seen market capitalisation increase since 2012, total market capitalisation remained below the figures reached during pre-crisis periods (2007). As of December 2014, aggregate market capitalisation for the Top 20 EPoC has been 19% lower than in 2007. Nevertheless, the performance of EPoC in the stock markets was above the average growth rate achieved in the Eurozone: While Euro Stoxx 50 Index grew by 1% in 2014, market capitalisation of the Top 20 EPoC increased by 6% compared to 2013.
Source : Deloitte