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

  • Euromarket stable until 2020, predicts Euroconstruct
    December 13, 2018
    Analysts predict strong growth in road building up to 2020 as public finances improve. Graham Anderson reports from Helsinki European civil engineering markets – including road building and maintenance - are predicted to grow strongly between now and 2020 thanks to the increasing strength of EU members states’ national economies. The increasingly optimistic forecasts are contained in the latest construction industry research from construction market analyst Euroconstruct, based in the Finnish capital Hel
    Read More
  • Wacker Neuson increasing orders for 2025
    May 9, 2025
    Wacker Neuson is seeing increasing orders for 2025.
    Read More
  • Strabag bosses admit defeat over €300 million 2012 EBIT target
    July 25, 2012
    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
    Read More
  • Hill & Smith Holdings revenues stable in H1 2013
    August 6, 2013
    Hill & Smith Holdings revenues remained stable in the first half of 2013, compared to the same period of 2012. The international group with leading global positions in the manufacture and supply of infrastructure products and galvanising services, posted unaudited revenues of €255.77 million (£221.6 million) in H1 2013, down 1% on the €258.31 million (£223.8 million) recorded in H1 2012. Although further unaudited results showed an 11% fall in underlying operating profit to €23.31 million in the first half
    Read More

Highlighted Content