Construction industry: rebuilding after the crisis News 19 June 2014 , No hay comentarios The construction industry has deeply suffered the economic crisis, as it depends mainly from the public budgets. Bigger works are contracted by public administrations and the crisis cut enormously the money disposals for this aim. Chinese companies emerge and a PwC report focuses the business in the long term in China and India, apart from US. Another report, that analyzed the outlook for 2013 and 2014, made a study about the evolution of this sector in the crisis years in different world markets. The figures are very clear: the worst markets for this sector were the European countries and the world industry recovery will be low. However, although the crisis hit hard, the biggest listed companies in this sector are Europeans. The French group Vinci increased in 2013 the revenues a 4.4%, till €40.3 bn and the net income also grew a 2.3%, till €1,962 million. The German company Hochtief improved in 2013 the sales slightly a 0.6%, till €25.6 bn and the net income increased a 10.3%, till 171.2 million. The Spanish group ACS reduced in 2013 its revenues a 0.1%, till €38,3 bn and the net income jumped from the former losses till benefits: 702 million. ACS has expanded its business with the buy of part of Hochtief. The American group Fluor reduced also slightly in 2013 its sales a 0.8%, till €27.3 bn and the net income increased strongly a 44%, till 823 million. The comparison in the main data made by T-Advisor has the following results: Performance YTD Volatility YTD Score Liquidity VaR 1 week Vinci 16.89% 12.58% 6.69 9 -3.15% Hochtief 5.96% 22.69% 6.30 8 -6.46% ACS 35.29% 21.66% 7.69 9 -6.25% Fluor -3.08% 21.84% 7.32 9 -4.81% The main construction companies have a very similar score and liquidity, showing the market view about the whole sector: alert and expectancy after the crisis hit. However, the performances are diverse, as ACS pushes strongly, while Fluor goes back. ACS share fell down hard in the last years, while Fluor maintain the stock very regular. It is to underline that Vinci shows a low volatility in its sector compared with its competitors.