Strabag bosses admit defeat over €300 million 2012 EBIT target

Austrian construction company Strabag’s “more than ambitious” €300million earnings before interest and taxes (EBIT) target cannot be achieved, according to the firm’s management board. The board say the projected EBIT can now only be reached by “about two thirds”. This is said to be partly due to the delays of public authorities in Central and Eastern Europe in dealing with claims, especially in Poland; the cautious valuation of some construction projects; and the “ruinous price war” in the raw materials b
July 25, 2012 Read time: 1 min
RSSAustrian construction company 945 Strabag’s “more than ambitious” €300million earnings before interest and taxes (EBIT) target cannot be achieved, according to the firm’s management board.
The board say the projected EBIT can now only be reached by “about two thirds”. This is said to be partly due to the delays of public authorities in Central and Eastern Europe in dealing with claims, especially in Poland; the cautious valuation of some construction projects; and the “ruinous price war” in the raw materials business.

For more information on companies in this article

Related Content

  • Hillhead’s strong attendance, despite poor weather
    July 5, 2016
    A strong attendance was recorded by the organisers of the Hillhead quarry show in the UK.
    Read More
  • Key highway project for Norway
    January 9, 2014
    The Norwegian Public Roads Administration, Statens Vegvesen , has awarded contracts for the E6 highway to Implenia and KA Austad and for the E18 south of capital Oslo. The E6 contract relates to the stretch connecting Vinstra and Sjoa in Gudbrandsdalen and is worth some €185.71 million. The construction work is now commencing and will take until October 2016 to complete. The project is for 16km of the E6 however it will include tunnel construction work. Hard, competent rock conditions mean that drill and bl
    Read More
  • Polish project plan
    February 28, 2012
    The authorities in Poland are looking for solutions to the debacle that has become the A2 highway project.
    Read More
  • Software tools aid construction, reduce costs
    February 28, 2012
    Integrated construction software offers an effective planning solution - *Mark Nichols writes. In a world where resources are limited, 20 year designing and building in a sustainable way is more critical than ever. By employing today's software tools it is possible to reduce the total cost of construction of a new highway, while reducing operating costs and environmental impacts. The path to achieving the greatest gains is to take a holistic approach to the plan, design, construct and operate process from t
    Read More

Highlighted Content