Construction industry weakens in Germany

06 Jun 2024 CW Team

A recent study by the German Construction Industry Federation (HDB) has revealed a bleaker outlook for Germany's construction sector. Contrary to earlier projections, the industry is anticipated to contract by 4% this year, slightly worse than the previously estimated 3.5%. This downturn is predicted to result in approximately 10,000 job losses.

The study attributes this decline primarily to weaknesses in residential construction, with sales expected to plummet by 12% in real terms. Additionally, public construction works are forecasted to underperform compared to initial expectations.

This adds to the overall gloomy forecast for construction in Europe's largest economy, which is grappling with challenges such as rising interest rates, heightened inflation, and economic stagnation.

Peter Huebner, President, HDB, expressed concern over the employment forecast, emphasising the anticipated reduction of 10,000 employees. He stressed the imperative for action, stating, there can only be one solution: build, build and build.

Despite the overall downturn, the study highlights a silver lining in commercial construction, where sales are projected to increase by 1.5%. This growth is attributed to substantial orders from entities such as Deutsche Bahn, electricity network operators, and local transport authorities.

(Source ET)

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..