2018年-德勤全球_Global_Powers_of_Construction_2017_116页_11mb

报告摘要

Global Powers of Construction (GPoC) 2017 Summary

Core Content

The Global Powers of Construction (GPoC) is an annual publication by Deloitte that provides an analysis of the global construction industry, focusing on the strategies and financial performance of the most representative listed construction companies in 2017. The report is free to distribute and offers insights into the current market landscape, including revenue, market capitalisation, internationalisation, and diversification trends.

Main Financial Performance

Aggregate Sales: The total sales of the Top 100 GPoC companies increased by 6% in 2017, reaching EUR 1,098,569 million.
Market Capitalisation: The total market capitalisation rose slightly by 2%, reaching EUR 501,948 million.
Top 3 Companies by Sales:
- China State Construction Engineering Corp. Ltd. (CSECE): EUR 138,171 million
- China Railway Group Ltd. (CREC): EUR 90,283 million
- China Railway Construction Corp. Ltd. (CRCC): EUR 89,262 million
Top 3 Companies by Market Capitalisation:
- Vinci: EUR 50,336 million
- ACS: EUR 10,142 million
- Bouygues: EUR 15,857 million

Regional Analysis

Top Performing Regions

China: 10 companies, 440,510 million in sales (40% of total), 113,363 million in market capitalisation (27% of total).
Japan: 14 companies, 149,968 million in sales (15% of total), 76,821 million in market capitalisation (9% of total).
Europe (France, Spain, Sweden, etc.): 45 companies, 5% increase in sales and 20% increase in market capitalisation.
United States: 11 companies, 84,967 million in sales and 55,620 million in market capitalisation.
South Korea: 7 companies, 70,159 million in sales (5% increase), 26,470 million in market capitalisation (1% decrease).

Notable Performance

China State Construction Engineering leads in sales and is likely to maintain its position due to its significant market dominance.
Vinci holds the highest market capitalisation among the Top 100.
Hyundai Engineering & Construction and Balfour Beatty were the only companies in the Top 30 that recorded negative growth in sales in 2017.
Nine companies in the Top 30 achieved double-digit growth, including two American, one Australian, five Japanese, and Ferrovial (Spain).

Internationalisation and Diversification

International Sales: Represented around 23% of total sales in 2017, consistent with 2016 levels.
Non-construction Sales: Included in the analysis, with companies in sectors such as concessions, engineering, and services being highlighted.
Top International Players:
- ACS (Spain) and Vinci (France) lead in international sales.
- Chinese companies have a lower percentage of international sales compared to other regions, mainly due to the size of their domestic market.

Diversification of the GPoC 2017

Diversification Trends:
- Companies from China, Japan, and South Korea dominate in terms of sales.
- Companies from the US, UK, France, and Spain have a significant presence in the industry ranking.
- Larsen & Toubro (India) and Lendlease (Australia) are the only non-Chinese and non-Japanese companies in the Top 30 that recorded sales exceeding EUR 10,000 million.

Company Profiles

The report includes detailed profiles of the Top 30 companies, focusing on:
- Ownership structure
- Main activities and divisions
- International presence
- Strategic objectives
- Selected financial data from 2017
Key Companies:
- Daiwa House Industry, Sekisui House, and Obayashi (Japan) showed strong performance with significant sales growth.
- Fluor and Aecom (US) are among the top companies in the US.
- Vinci and ACS (France and Spain) are leading European players.
- Lendlease (Australia) and Larsen & Toubro (India) are notable for their non-construction activities.

Outlook for the Construction Industry

The global construction market has emerged from recession and is growing at a moderate pace.
Structural reforms have helped consolidate economic recovery and are expected to lead to sustainable growth.
However, political and economic instability in certain regions, particularly in emerging markets, could pose challenges.
More than 60% of future infrastructure investments will occur in emerging markets over the next 15 years.

Appendix

Appendix - European Powers of Construction: Lists European construction companies with their sales and market capitalisation.
Appendix - Exchange Rates: Includes exchange rate information for reference.
Global Construction and Infrastructure Group Contacts: Provides contact details for the listed companies.

Key Points Summary

The Top 100 GPoC companies saw a 6% increase in sales and 2% increase in market capitalisation in 2017.
Chinese companies dominate the sales ranking, accounting for 30% of total sales.
Japanese companies showed the most significant growth in both sales and market capitalisation.
International sales remained at 23%, with ACS and Vinci leading in this category.
Diversification is a key trend, with some companies expanding into non-construction sectors.
Emerging markets are expected to drive 60% of future infrastructure investments.