Financial analysis

摘要

Revenues for the CE-100 in 2012, the year on which the rankings are based, hit €439 billion, and this 7.9% improvement on last year was a new record which took the sector well above the pre-crisis high of €407 billion in 2008. However, analysis of the sector's profitability was worrying, with an average operating margin of just 4.18% - down again from last year, and the worst on record for the CE-100. For the second year running, profitability of European contractors was below the global average of 4.30%, as measured in a similar study by CE's sister magazine, International Construction. There has been almost no change in employment among the CF-100, despite the near 8% year-on-year increase in revenues. Although not all contractors publish their headcounts, the average employment among those that do was 20,902, almost unchanged from 20,875 last year. Scaled-up, this implies that 2.09 million people are employed by the CE-100.