Strabag raises 2011-2012 outlook

After a solid first quarter 2011, Strabag, Central and Eastern Europe’s largest construction company, has raised its outlook for the financial years 2011 and 2012. According to the new forecast, Strabag expects an output volume of €14 billion in 2011 (previous target €13.5 billion), with earnings before interest and taxes (EBIT) forecast to increase to €320 million, after €295 million had been predicted. For 2012, the company had expected an output volume of €13.7 billion and an EBIT of €300 million, whi
May 9, 2012 Read time: 2 mins
After a solid first quarter 2011, 945 Strabag, Central and Eastern Europe’s largest construction company, has raised its outlook for the financial years 2011 and 2012.

According to the new forecast, Strabag expects an output volume of €14 billion in 2011 (previous target €13.5 billion), with earnings before interest and taxes (EBIT) forecast to increase to €320 million, after €295 million had been predicted.

For 2012, the company had expected an output volume of €13.7 billion and an EBIT of €300 million, while now it reckons with an output volume of €14.3billion and an EBIT of €330 million.

Hans Peter Haselsteiner, CEO of Strabag, explains the reason for raising the outlook.

“The first quarter of the previous year was characterised by a very long and hard winter. This year’s weather conditions allowed us to begin building significantly earlier, which is why we are pleased to report of double-digit growth of the output volume.

“We also have good news on the earnings side: last year’s EBIT is significantly positively distorted by a one-off effect in the balance sheet.

Nevertheless, with €145.38 million, EBIT in the first three months of the current financial year was not as negative as in the first quarter of 2010.

“After seeing the quarterly results, my management board colleagues and I are now more positive about the future than we were at the presentation of the 2010 annual financial report. We are therefore altering our outlook for the 2011 and 2012 financial years.”

For the first quarter 2011 Strabag generated an output volume of €2,309.25 million, which corresponds to an increase of 26%.

A country-level view reveals significant increases in Germany, Poland and the northern European markets.

For more information on companies in this article

Related Content

  • Construction equipment launched at Bauma China
    February 15, 2012
    The 2010 bauma China event did, as expected, break all previous records, with companies launching more new equipment than ever. Patrick Smith reports. The queues at the entrances on the first day of bauma China 2010 indicated what the rest of the week had in store. As thousands of visitors poured through the gates each day to view the latest in construction equipment at the expanded Shanghai New International Expo Centre, the organisers knew they were looking at another successful event.
    Read More
  • Vulnerable road users face greater risks on Europe’s road network
    May 21, 2014
    Data shows that vulnerable road users are benefiting less from improved road safety. This has been revealed in the 2014 Road Safety Annual Report, which highlights latest road safety data. The number of road fatalities fell by 1.7% between 2011 and 2012 in the 31 countries covered by the International Road Traffic and Accident Database (IRTAD), according to the International Transport Forum at the OECD. However, road safety policies are not succeeding in improving protection for vulnerable road users. The l
    Read More
  • Men more likely to pass UK driving test than women, says IAM research
    September 19, 2012
    British men are 6.4% more likely than British women to pass their practical driving test, according to road safety charity the IAM. But while young men are more likely to pass their driving test, they are also three times more likely to be killed or seriously injured (KSI) behind the wheel. The IAM findings are a result of analysing pass rates statistics from the Department for Transport (DfT) published in August 2012 for the financial year 2011-2012.
    Read More
  • New bridge link for Oregon-Washington
    April 25, 2012
    The US Department of Transportation has given the go-ahead for the I-5 Columbia River Crossing project, which will link Washington and Oregon states. The plans involve replacing the existing Interstate 5 Columbia River Crossing Bridges and building a new interstate transit link.
    Read More

Highlighted Content