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Here are the country's highest-earning construction firms

08 July 2018 17:30
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Here are the country's highest-earning construction firms

Construction Industry Federation member companies collectively raked in almost €7 billion last year.

THE COUNTRY’S BIGGEST construction firms collectively raked in an extra €720 million last year.

According to the Construction Industry Federation’s annual ranking of its top 50 member-contractors, Ireland’s biggest builders recorded combined sales of more than €6.7 billion in their most recent financial year.

The bulk of that figure – some €5.1 billion – was attributed to Irish building projects while the rest came from exported construction services.

The leaderboard was compiled by trade publication Construction Magazine, the CIF’s official magazine. The turnover figures were obtained directly from contractors who are members of the organisation.

The biggest builder in the country by turnover was John Sisk & Son (Holdings) Limited, which swept up €950 million in sales last year.

Dublin-headquartered Mercury Engineering came in second place with annual sales of €600 million, while BAM Civil Ltd placed third with a turnover of €470 million.

John Paul Construction Ltd and Jones Engineering Group rounded off the top five with sales of €360 million and €350 million respectively.

Commenting on Construction Magazine’s ranking, CIF director general Tom Parlon said the construction industry has “emerged from the depths of the recession” in good shape but noted that there are “significant improvements” required to help the sector grow.

“We need the government to set out an export-led growth strategy for this important sector. We also need to fix our procurement system here at home and ensure the right supports are in place to help build companies of scale,” he said.

A recently study published by the Society of Chartered Surveyors Ireland suggested that there will be a shortage of more than 2,000 property surveyors over the next four years.

Source: thejournal.ie

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