Slovenian construction industry surpasses previous peaks with strong growth in 2023

The Slovenian construction industry surged to unprecedented heights in 2023, surpassing previous records set during the peak years of 2007 and 2008. Companies across the sector, including stalwarts like Petrič's Kolektor and Škrabec's Riko, reported remarkable financial performances, signaling robust growth and profitability.

Petrič's Kolektor, a cornerstone of Slovenia's construction landscape, achieved a significant milestone by surpassing half a billion euros in revenue for the first time. This accomplishment underscores Kolektor's role as a powerhouse in infrastructure development, having secured major projects such as the construction of the second railway track valued at over 600 million euros. Meanwhile, Škrabec's Riko, known for its prowess in engineering solutions rather than traditional construction, saw its revenues exceed 200 million euros, driven by strategic partnerships and high-profile projects in environmental and infrastructure sectors across Slovenia and beyond.

The broader sector also witnessed substantial growth, with total revenues from construction activities crossing the nine billion euro mark for the first time. This represents a notable 20% increase compared to the previous year, reflecting a robust demand for infrastructure projects despite global economic uncertainties. Moreover, net profits soared by 33%, highlighting the industry's efficiency in managing costs and optimizing operational efficiencies amidst evolving market conditions.

Looking ahead, while the early months of 2024 saw a slight downturn in activity, particularly in building construction, the long-term outlook remains promising. Government initiatives aimed at infrastructure development and sustainability projects are expected to bolster demand, providing a solid foundation for continued growth in the sector. The construction industry's resilience and adaptability have positioned it as a key driver of economic stability and employment in Slovenia, reaffirming its pivotal role in shaping the nation's future development trajectory.

Source: Rezultati gradbincev: lani so presegli vse rekorde (finance.si)