Porr reaches tunnel milestone. Porr stock sits 16.25 percent below EUR 36.00 target

Published on 10/08/2026 at 14:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Porr stock costs EUR 30.15 on October 8, 2026 versus EUR 30.28, down 0.43 percent. Q3 results are due November 18, 2026.

Porr, AT0000609607, Illustration mit AI erstellt.

Porr stock (ISIN AT0000609607) was trading at EUR 30.15 at Lang & Schwarz on October 8, 2026 at 2:09 p.m. CEST, down 0.43 percent versus the prior close of EUR 30.28. The latest project milestone came on September 30, 2026, when two main tubes of the Brenner Base Tunnel were linked, while Raiffeisen Research raised its rating to Buy but cut its target from EUR 45.00 to EUR 36.00 on October 6, 2026.

Construction milestone adds operating context

According to Klamm on September 30, 2026, the PORR-Marti joint venture reached the tunnel breakthrough at the Austria-Italy border. The report states that the milestone connected both main tunnel tubes, although the wider project remains under construction.

The valuation signal is mixed. According to Boerse Social on October 6, 2026, Raiffeisen Research moved Porr from Hold to Buy while reducing its target from EUR 45.00 to EUR 36.00. The EUR 36.00 target lies 19.40 percent above the EUR 30.15 Lang & Schwarz price.

What do the half-year figures show?

In the half year ended June 30, 2026, EBIT rose 15.60 percent to EUR 56.30 million and the EBIT margin reached 1.90 percent, according to Yahoo Finance. Management also identified a EUR 6.40 million gain from the sale of business premises and EUR 7.40 million of depreciation linked to the expected sale of PWW Group, leaving a combined one-off effect of EUR 1.00 million negative.

The same call set full-year 2026 revenue growth guidance at 2.00 percent to 4.00 percent and an EBIT margin range of 3.20 percent to 3.30 percent. That guidance implies a stronger second half after winter weather delayed construction activity, while civil engineering revenue had increased 7.20 percent in the first half.

Dates and capital structure matter

PORR launched a hybrid convertible bond of up to EUR 150.00 million on September 22, 2026, according to PORR. The bond was fully placed on September 23, 2026 at an initial coupon of 2.75 percent, with a EUR 42.90 conversion price and potential dilution of 8.90 percent of the share capital, according to wallstreetONLINE.

The next explicit reporting date is November 18, 2026, when Porr is scheduled to publish third-quarter results, according to MarketScreener.

Stock stays below the revised target

At EUR 30.15, the Lang & Schwarz quote was EUR 5.85 below Raiffeisen Research's EUR 36.00 target on October 8, 2026. The reference price was down 0.43 percent against the Lang & Schwarz prior close of EUR 30.28, leaving the market focused on execution, cash conversion and the next results date.

The further course of trading is shown by the continuously updated real-time quote of Porr stock.