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

  • China looking to export construction machines
    March 16, 2012
    Chinese firms are looking to develop overseas sales but are using very different strategies – Mike Woof reports. Aggressive expansion plans will see Chinese manufacturers boosting overseas sales in coming years. These companies are developing bigger sales profiles around the world, particularly in emergent markets such as Africa, the Middle East and Latin America. It is worth noting too that Chinese products continue to gain in terms of quality and performance. For LiuGong, Sany, Shantui, XCMG and Zoomlion
    Read More
  • Brazil: Phase 2 of PAC infrastructure programme shows results
    December 18, 2014
    Brazil has built nearly 5,200km of roads in the past four years, according to a review of the federal government's PAC Phase 2 accelerated economic growth programme. Around 1,400 of the 5,200km were built under long-term concessions and another 7,000km are under construction. Total investment has been around US$24.43 billion. PAC is a strategic investment programme that combines management initiatives and public works, according to the World Bank. The first phase, launched in 2007, saw around $349 bil
    Read More
  • LiuGong loaders successful in Thailand
    October 3, 2014
    LiuGong claims to have retained its market leader position as Thailand’s top wheeled loader provider for the third consecutive year. The manufacturing juggernaut for extreme duty equipment entered the Thai market in 2011 and has sold 1,500 wheeled loaders in three years. President of LiuGong Machinery Asia Pacific Mr Chen Hao attributed the success to the brand’s consistent focus in understanding the wheeled loader industry’s needs and delivering products that are innovative, reliable and durable. L
    Read More
  • Remote control crushing
    July 16, 2012
    Following a trial of Metso Minerals' Nordberg Plant Management System at Hanson Aggregates' Ystrad Meurig Quarry, UK, the software has now been installed on a further six mobile machines at Lithalun Quarry. Metso installed the remote control system on the Lokotrack LT300HP for Hanson last year to allow the company to test the advantages of the wireless communication capabilities. The system has now been extended to the LT110 primary crusher, another LT300HP and its two ST358 and ST620 mobile screens.
    Read More

Highlighted Content