Strabag tips stable progress in 2014, mirroring 2013 performance

Strabag’s output volume remained stable in 2013 reaching €13.573 billion - down just 3% compared to the €14.042 billion recorded in 2012. The construction firm’s first full year figures for 2013 also reveal an order backlog up by only 2% to €13.469 billion from €13.202 billion the previous year. Strabag says it expects output volume to remain stable in 2014 at €13.6 billion, with EBIT (earnings before interest and taxes) of at least €260 million – similar to the level forecast for 2013.
February 17, 2014 Read time: 2 mins
945 Strabag’s output volume remained stable in 2013 reaching €13.573 billion - down just 3% compared to the €14.042 billion recorded in 2012.

The construction firm’s first full year figures for 2013 also reveal an order backlog up by only 2% to €13.469 billion from €13.202 billion the previous year.

Strabag says it expects output volume to remain stable in 2014 at €13.6 billion, with EBIT (earnings before interest and taxes) of at least €260 million – similar to the level forecast for 2013.

Detailed Strabag financial results for 2013 are due for publication on 30 April 2014.

Of the initial results, Strabag CEO Thomas Birtel said, “Against the backdrop of the difficult underlying conditions in the European construction sector, we are satisfied with the output volume of €13.6 billion in 2013. At the end of April, we still want to report an EBIT of at least €260 million, which would give us a Plus of at least 25% over the previous year. We started the current year on a solid foundation with a great number of new building construction projects in Germany, and as a result we expect the values for the output volume and earnings in 2014 to be comparable to those from 2013.”

For more information on companies in this article

Related Content

  • STRABAG reports satisfactory financial performance
    February 22, 2016
    Construction firm STRABAG says that its performance in the 2015 financial year was ‘satisfactory’ and that its outlook for 2016 is positive. “We closed an overall satisfactory year in 2015 with a higher output volume on nearly unchanged employee levels and a lower order backlog. In 2016 we want to maintain the output volume at its high level and raise our EBIT margin to 3%. Thanks to our improved risk management and cost reductions, we are confident that we will reach this goal after having also succeeded i
    Read More
  • Contractor Strabag reports strong performance
    April 30, 2013
    Austrian contractor STRABAG reports healthy earnings before interest and taxes (EBIT) of €207 million in 2012. This figure beats the firm’s own expectations and the expectations of the market. Net income after minorities stood at €61 million, showing an expected considerable decrease of 66.67% compared to the year before. “An output volume of €14 billion in 2012 – that’s nothing to complain about. With €13.2 billion, the end-of-the-year order backlog is also nearly exactly at the pre-crisis level of 2008, s
    Read More
  • Strabag reports output volume remained flat for year end 2014
    February 16, 2015
    Austrian construction giant Strabag reported output volume of €13.6 billion to year end 2014 was unchanged from last year. The publically listed group, with headquarters in Vienna, said declines in contracts in some countries were offset with increases in the home markets of Germany and Austria, despite a “very restrained tender award policy” for the public sector. Large projects were completed in Romania and Russia at the same time that newly acquired orders in these markets have not yet come on stream.
    Read More
  • STRABAG raises 2011 and 2012 outlook
    February 29, 2012
    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.
    Read More

Highlighted Content