Profits of building construction enterprises from renovation building amounted to EUR 6,6 billion in 2014

According to Statistics Finland, the value of newbuilding and renovation building projects was EUR 14.9 billion in building construction enterprises with at least five employees. Of building construction work, EUR 6.6 billion was directed to renovation building and more than half of that, EUR 3.9 billion, was collected in specialised construction enterprises.

Newbuilding and renovation building of building construction enterprises

In 2014, the majority of the profits of large enterprises focusing on main contracts in actual building construction came from newbuilding 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.

Of renovation projects, 55 per cent were renovations of residential buildings. Among large construction enterprise, nearly 60 per cent of income came from renovations of other than residential buildings, such as office, business, public and industrial buildings. Among smaller construction enterprises, over 60 per cent of income from renovations came from renovation of residential buildings.

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.

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: Mari Ylä-Jarkko

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Updated 5.11.2015

Referencing instructions:

Official Statistics of Finland (OSF): Renovation building [e-publication].
ISSN=1799-2974. Renovation of building construction enterprises 2014. Helsinki: Statistics Finland [referred: 28.12.2024].
Access method: http://www.stat.fi/til/kora/2014/01/kora_2014_01_2015-11-05_tie_001_en.html