Turnover

Turnover for top Irish construction companies reaches €8.39 billion in 2018

The combined turnover for Ireland’s top construction companies increased by 25% to €8.39 billion last year according to Construction magazine’s annual Top 50 CIF Contractors listing for 2019.

The annual listing gives a snapshot of the overall growth in Irish construction as it delivers many largescale projects throughout Ireland and the world, attracting foreign direct investment to Ireland and exporting almost €2.5 billion in construction expertise.

High Increase in Turnover

According to Construction magazine’s figures, the top 50 Irish contractors reported a combined turnover of €8.39 billion in 2018, with €5.9 billion of this activity taking place in Ireland, and almost €2.5 billion resulting from exported construction services, up more than 54% from €1.62 billion in 2017.

Over the years, the construction industry federation has seen a year on year increase in the turnover for the CIF top 50 contractors. In 2015, total turnover for the CIF top 50 was €4.9 billion, jumping to €6.72 billion in 2017, and €8.39 billion in 2018.

The Irish turnover for CIF’s Top 50 has remained high, increasing 15.7% from €5.1 billion in 2017, to €5.9 billion in 2018.

Speaking at the launch of the Construction Top 50 CIF Contractors, Tom Parlon, Director General, CIF said:

“CIF are delighted to celebrate the success of the CIF Top 50 contractors, who generated a combined turnover of €8.39 billion. To put this in context, the volume of investment in the industry in 2018 was to the value of €26 billion.

The CIF’s top 50 contractors generated almost €2.5 billion from services exports in 2018, an increase of almost 54% from 2017. This number is increasing year upon year, showing quality and expertise of the Irish construction industry is now sought after internationally.

During the recession, construction companies internationalised as the domestic economy collapsed. We are now seeing a huge dividend in terms of export growth. A key driver of export growth is our expertise in data centre construction. Dublin has about 24% of the entire EU’s data centre market, just 1% behind London. Our expertise in this area and in Mechanical and Electrical and civil engineering for example, is recognised globally.”

Ireland’s Construction Top 50 CIF Contractors list was revealed at an exclusive evening event on Wednesday 12th June in Dublin, as industry leaders from across the country gathered to see how their firm ranked and celebrated a successful year of increased business despite the challenges that remain for the sector such as skills shortages, productivity, and regional development.

John Sisk and Son were named Ireland’s top construction contractorwhile Mercury Engineering and BAM Contractors retained their position in second and third respectively.

Click here to see the full Top 50 2019 listing.


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