10 Largest Construction Companies in Europe

In the CE100 list, which provides insights into Europe’s top 100 construction companies, the continent’s leading firms have been unveiled based on their 2023 sales revenues.

These are the top 10 construction companies in Europe according to the CE100 report.

1. Vinci S.A.

French multinational Vinci S.A. is the largest construction company in Europe with sales revenues of €68.8 billion for the year ending 2023 up from about €61.7 billion in 2022.

The company’s revenues were lifted by mega infrastructure projects such as the B247 highway in Germany, which is currently under construction for €500 million. 

Notable projects: Based in Paris, France, Vinci has been involved in many construction projects around the world including the Atlantic Bridge in Panama, and Old Oak Common Station in London, whose completion is scheduled for 2030. 

2. Bouygues Construction SA

Bouygues Construction SA has retained its second position with revenues of €56.0 billion in 2023. The company’s sales earnings stood at €44.3 billion in 2022.

Notable projects: Based in Paris, France, Bouygues Construction has been involved in many construction projects in Europe, Africa, North America, and Asia.

3. ACS Group

ACS Group, a Spanish contractor, maintained its third position in the latest CE100 with sales revenues of €35.6 billion in 2023, up from €22.6 billion in 2022. 

The company’s outstanding performance is attributable to its strong presence in North America where demand for infrastructure and renewable energy projects remains high. 

Notable projects: Based in Madrid, Spain, ACS Group has undertaken many projects including the Portugues Dam in Ponce, Puerto Rico and the Crescent Dunes Solar Energy Project near Las Vegas, which was completed in 2016.

4. Eiffage S.A.

Eiffage S.A. has risen to the fourth position in this year’s list of Europe’s largest construction companies with revenues of €21.8 billion in 2023, up from €20.3 billion in 2022. 

The company undertakes residential and infrastructure construction; electrical engineering and process automation services; specialist metal construction.

Notable projects: Based in Asnières-sur-Seine, France, Eiffage S.A. has been involved in many top projects including Copenhagen Metro in Denmark; Millau Viaduct in Southern France; and Cestas Solar Park in Cestas, France.

The company is also involved in lots C2 and C3 of High Speed 2 (HS2) – a planned high-speed railway line in the UK, which is due for completion in 2031.

5. Strabag

Strabag SE, a leading Austrian construction firm headquartered in Vienna, reported sales revenues of €17.7 billion in 2023, which is €700 million more than the 2022 revenues.

The company’s focus on modular construction and technologies such as Building Information Modelling (BIM) and robotics boosted delivery and cost management, helping it stay competitive amid labour shortages and rising material costs.

Notable projects: Strabag SE has undertaken many projects around the world including the Alte Weser Lighthouse in the North Sea, Basra Airport in Iraq, the Copenhagen Metro in Denmark, and the Niagara Third Hydro Tunnel in Canada.

The company is also involved in lots S1 and S2 of High Speed 2 (HS2) – a planned high-speed railway line in the UK, which is due for completion in 2031. 

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6. Acciona, S.A.

Acciona, S.A., a Spanish conglomerate, is the sixth biggest European construction company with sales revenues of €17.0 billion in 2023, up from €11.2 billion in 2022.

Acciona, which hoisted the world’s first lighthouse in Valencia, Spain – using prefabricated products – has secured contracts for mega projects across Europe and Latin America.

The company’s large-scale wind and solar energy projects, combined with its focus on sustainability, helped it navigate economic challenges last year. 

Notable projects: Based in Alcobendas, Spain, Acciona, has completed many projects including Torre Europa in Spain, the Ting Kau Bridge in Hong Kong, the German Chancellery, and King Abdullah University Hospital among others.

7. Skanska AB

Skanska AB has retained its seventh position in this year’s CE100, despite a drop in sales revenues to €13.8 billion in 2023, down from €14.4 billion in 2022.

During the year in review, Skanska was involved in several high-value projects in the Nordic region and the United States, where demand for infrastructure remains exceptionally high.

Notable projects: Based in Stockholm, Sweden, Skanska AB has undertaken many big projects such as the renovation of the United Nations Headquarters, Moynihan Train Hall, and the World Trade Center Transportation Hub project, among others.

8. Saipem S.p.A

Saipem S.p.A, an Italian firm offering engineering and construction services for the energy and infrastructure sectors, is the eighth largest construction company in Europe with sales revenues of €11.9 billion in 2023, up from €10.0 billion in 2022.

The company operates globally and has a strong presence in various markets, including Europe, Africa, and the Middle East.

Notable projects: Based in San Donato Milanese, Italy, Saipem has undertaken several major projects, including the Gorgon Project in Australia, the Zohr Gas Field development in Egypt, and the expansion of the Tengiz oil field in Kazakhstan, among others.

9. Webuild

Italian construction and engineering company Webuild is the ninth largest construction company in Europe with sales revenues of €10.0 billion, up from €8.2 billion in 2022.

Originally founded as Impregilo, the company rebranded as Webuild in 2020 to reflect its focus on sustainable development and innovation. It specialises in a variety of sectors, including transportation, water, energy, and urban development.

Notable projects: Based in Milan, Italy, Webuild has undertaken several major projects, including the MOSE Project for flood protection in Venice, the expansion of Milan’s Metro Line 4, the High-Speed Rail Line connecting major cities in Italy, and the Red Line Extension in Los Angeles, among others.

10. Balfour Beatty

Balfour Beatty, a UK-based infrastructure group, specialising in construction and engineering services, has dropped to position ten from eight in the latest CE100 report despite growing its revenues to €11.5 billion in 2023 from €10.7 billion in 2022.   

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