Profits of building construction enterprises from renovation building amounted to EUR 6 billion in 2013

According to Statistics Finland, the value of newbuilding and renovation building projects was EUR 14.3 billion in building construction enterprises with at least five employees in 2013. Of building construction work, EUR 6.1 billion was directed to renovation building. In building construction, slightly more than one-half of the profits generated from main contracts and sub-contracts in renovation building were collected by specialised construction enterprises.

Newbuilding and renovation building of building construction enterprises in 2013

In 2013, the majority of the profits of large enterprises focusing on main contracts in actual building construction came from renovation building of residential and other buildings. Correspondingly, the share of renovation building projects of all projects was larger for smaller building construction enterprises and specialised construction enterprises.

In building construction, hours worked by professional construction workers in renovation building remained on level with the year before. During 2013, 47 per cent of all hours worked in building construction came from renovation building.

Of renovation projects, 53 per cent were renovations of other than residential buildings. Large building construction enterprises centred their renovation projects on renovations of other than residential buildings, such as office, business, public and industrial buildings. The value of other building renovations was EUR 3.3 billion and that of residential buildings EUR 2.9 billion.

The statistics on construction enterprises' renovation building are based on a sample of building construction enterprises with at least five employees. The inquiry comprises approximately 1,000 enterprises. The inquiry was renewed when publishing data for 2012. The data for 2012 and 2013 are mutually comparable.

Source: Renovation of building construction enterprises. Statistics Finland

Inquiries: Merja Järvinen 029 551 2458, Atte Lintilä 029 551 2914, rakennus.suhdanne@stat.fi

Director in charge: Hannele Orjala

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Updated 3.10.2014

Referencing instructions:

Official Statistics of Finland (OSF): Renovation building [e-publication].
ISSN=1799-2974. Renovation of building construction enterprises 2013. Helsinki: Statistics Finland [referred: 22.12.2024].
Access method: http://www.stat.fi/til/kora/2013/01/kora_2013_01_2014-10-03_tie_001_en.html