Upswitch IndexBenelux-native SME multiples with disclosed European market views

Roofing Services in Austria

Market: Austria — This page summarizes the published SME benchmark for this business type, including its disclosed market basis, so advisors and operators can cite a clear starting point before a full company-specific valuation.

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Last published: 15 Apr 2026fresh · 57 days old≈ 6 min read

Market context

Austria market data

Pair the multiples below with Delphi's latest country factors: currency, risk-free rate, macro conditions, statutory tax, and country-risk premium.

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Endpoint

Model-ready data package

Pull this sector's multiples together with country market data in one response. Use JSON for agents and apps, or CSV for Excel models and deal workpapers.

/api/benchmarks/v1/context?business_type_id=roofing&locale=en&country_code=AT

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Classification

43.91

NACE Rev. 2 primary code. National statistical labels (e.g. SBI, NACE-BEL) describe how each country maps this activity.

Markets

Benelux aggregate

Published benchmark

15 Apr 2026 · reviewed 7 Jun 2026

Indicative, model-derived reference — evidence basis and confidence are disclosed per row.

Published benchmark ranges

How To Use This Benchmark

Use these ranges as a market reference, not as a substitute for a full valuation. Company quality, growth, concentration, recurring revenue, margin profile, and deal context still matter.

Pair This With The Right Valuation Method

These benchmark pages work best when they feed into a fuller valuation workflow on Upswitch. Start with the market range, then choose the method that fits the company.

EBITDA Multiple Revenue Multiple DCF

Upswitch Index vs Damodaran

Both are useful — they answer different questions. Pick the right reference for the work.

Upswitch Index

Private-market, SME, by business type

Benelux-native where the row proves local evidence
By business type, disclosed market basis, citable vintages
Free to use — no credit card

Damodaran

Listed equities, global, by sector

Public-market companies, annual global cuts
Broad sector buckets, not country-resolved
Free academic resource

Roofing Services in Austria

Market context and regulation — Austria

Local classification

Austria uses ÖNACE 2008 — directly aligned with NACE Rev. 2. Firmenbuch entries record ÖNACE primaries.

Official data sources

Firmenbuch — Austrian commercial register
Statistik Austria

Market and buyer context

Austria's SME market mirrors Bavaria's structure — strong in industrial-services, engineering and tourism. The buyer pool overlaps heavily with Germany; cross-border DACH integration is a defining feature, with selective Italian and Slovenian inbound.

Valuation factors in Austria

Pension Abfertigung (severance entitlement) is a real balance-sheet liability.
Tourism-sector seasonality requires multi-year smoothing of EBITDA.
Family-foundation (Privatstiftung) ownership common — verify true control before pricing.

Regulation and deal structure

Notarial deed required for GmbH share transfers.
Grunderwerbsteuer 3.5% on real-estate component of asset deals.
§3 AVRAG applies — staff continuity automatic on enterprise transfer.

Construction and built environment

How roofing services actually gets valued

The multiples above are a market anchor — not the valuation. What drives the outcome are sector-typical normalisations, value drivers and risk compressors.

Normalisation checklist

What reported EBITDA almost always distorts in this sector.

Use percentage-of-completion-adjusted EBITDA, not cash-basis or invoice-timing reported numbers.
Strip project-specific gains where the project profile (one-off civil works, tax-driven leaseback) does not repeat.
Verify retention receivables and warranty provisions are reflected against contract age.
Re-classify equipment leases consistently — operating-vs-finance lease drift distorts EBITDA.
Normalise sub-contractor margin where the founder personally negotiates every job.

Value drivers

What typically lifts the multiple in this sector.

Recurring framework agreements with public clients or large developers.
Self-performed share above 60% (less sub-contractor margin leakage).
VCA / ISO 45001 / ISO 14001 in good standing.
Geographic density that compresses logistics cost per project.

Value killers

What compresses the multiple or kills the deal.

Single-developer dependency or one government framework as the bulk of revenue.
Open warranty exposure on a recently completed major project.
Working-capital absorption that leaves operating cash flow well below EBITDA every year.
Owner who personally pre-qualifies every tender — non-transferable.

Anonymised worked example

Illustrative — not a recommendation. Real valuations run through the Upswitch engine.

A finishing contractor reports €3.1M revenue and €420k EBITDA on cash basis. Restating to percentage-of-completion (project portfolio at 78% average completion at year-end) reduces normalised EBITDA to €310k. A €60k gain on a one-off public-sector job is excluded. A sector EV/EBITDA range of 3.5×–4.8× gives €1.1M–€1.5M; the firm's 70% self-performed share supports the upper bound, while its single-developer concentration of 42% pulls back to the lower band.

Frequently Asked Questions

How does ÖNACE 2008 relate to NACE Rev. 2 for Austrian SME comparables?

ÖNACE 2008 aligns directly with NACE Rev. 2 at four digits. The Upswitch Index aggregates Austria at the EU Rev. 2 level; Statistik Austria provides ÖNACE-level breakdowns.

Are these published numbers company-specific?

No. They are published market reference points for this business type in the country markets that Upswitch has evidence for. A real valuation still needs company-specific inputs and judgment.

Why do some business types show more than one metric?

Different sectors are often discussed with different market lenses. Upswitch shows the published metrics that are available for this business type.

Can I use this in a client conversation?

Yes. These pages are designed as citation-friendly starting points. For a client-ready report, use the full valuation workflow on Upswitch.

Is this database free to use?

Yes. The Upswitch Index publishes free SME valuation multiples (EV/EBITDA, EV/Revenue, and P/E) by business type. Benelux can be native-local where row evidence supports it; wider European market views are disclosed as beta, borrowed, aggregate, or compatibility coverage. Historical vintages and audit exports are on paid plans.

How does Upswitch Index compare to Damodaran?

Damodaran publishes annual global multiples for listed companies by broad sector — a gold standard for public markets. Upswitch Index publishes granular SME/private-company benchmark ranges by business type with row-level disclosure of whether evidence is native-local, borrowed, aggregate, or beta-stage. Both are useful; they answer different questions.

What is the source methodology behind these multiples?

Upswitch publishes only through row-level benchmark contracts. Evidence can include private-market observations, local filings or statistics, listed-comparable context, and macro calibration anchors, but source labels are used only when they actually contributed to the resolved benchmark. Full methodology is on the methodology page.

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Deeper reading

How valuation, normalisation and succession actually work

Three long-form articles on the infrastructure layer beneath European SME succession — selected for this sector.

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