Swarco forecasts record turnover growth

Austrian traffic systems manufacturer Swarco Group expects to record a turnover growth of double digits to €465 million (US$643.96 million) in 2011, after a turnover of €409.7 million in 2010.
May 4, 2012 Read time: 1 min
Austrian traffic systems manufacturer 337 Swarco Group expects to record a turnover growth of double digits to €465 million (US$643.96 million) in 2011, after a turnover of €409.7 million in 2010.

For 2012, despite economic uncertainty, Swarco has won a number of large contracts, including a €40mn contract to supply traffic management systems to Saudi Arabia, as well as a part in a €52mn contract for traffic systems for a 16 kilometre tunnel in Sweden. The company has also recently set up a joint venture in Silicon Valley in the US for the development of a new traffic information and communication system.
Highway & Network Management

For more information on companies in this article

Related Content

  • Global road freight on the rise, ITF reports
    February 20, 2015
    Road freight’s share in global trade will increase from 6% to 10% by 2050, driven by increasing intra-regional trade, according to the latest report by the International Transport Forum. This growth is especially likely in Asia and Africa where efficient rail networks are and could remain underdeveloped, noted the report ITF Transport Outlook 2015. Hit hard by the global crisis in 2009, road freight volume grew 3% annually from 2010-12 in member countries of the OECD – the Organisation for Economic Co-opera
    Read More
  • Manitou Group aims to double business over next 3-4 years
    April 20, 2012
    Manitou Group (MG) president Jean-Christophe Giroux says the Group will look to double its business in the next three to four years after revenue rose by 35% to US$1.13billion in 2011. Speaking on the publication of details of MG’s FY11 performance Giroux, who is also the French construction, industry and agricultural machinery manufacturers chief executive, said: “We want to take advantage of all growth opportunities in a developing yet fragmented market and double our business over the next 3-4 year, t
    Read More
  • SBG is laying the foundations for growth and economic development in the Middle East
    September 27, 2013
    Considered one of the largest construction firms in the world, the Saudi Binladin Group (SBG) is a family-owned business which has grown over the years into a highly diversified group with operating divisions spread across key business sectors. The Group’s portfolio of construction projects is an array of Saudi Arabia’s most iconic landmarks that includes Princess Nora University’s new campus, Jeddah’s Kingdom Tower and Riyadh’s King Abdullah Financial District, a new development consisting of 34 towers tha
    Read More
  • Swarco triumphs in Paris
    March 3, 2022
    Swarco has been chosen to help modernise traffic management in Paris by using its MyCity solution
    Read More

Highlighted Content