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

  • Liebherr sees steady performance worldwide
    June 8, 2015
    The Liebherr Group has seen a steady financial performance in 2014, with turnover reaching a healthy €8.823 billion, similar to the previous financial year. The company continued to invest in developing its operations, spending €816 million in expanding and modernising its manufacturing facilities and also strengthening the sales and service organisation. The number of employees has now risen to 40,839 in total. The €8.823 billion turnover was slightly lower, 1.6%, than for the previous financial year howev
    Read More
  • Wacker Neuson’s good financial results
    November 11, 2021
    Wacker Neuson is seeing good financial results for Q3.
    Read More
  • Wacker Neuson reports strong performance for second quarter
    August 8, 2017
    Compact machine specialist Wacker Neuson says that its financial results show a strong second quarter for 2017 as well as an improved outlook for 2017 as a whole. The firm says that profitability improved and has now raised its revenue forecast for the current fiscal year. The Wacker Neuson Group reported record revenue of €425.2 million for the second quarter of 2017, compared with €381.4 million for the same period in 2016. At €46.7 million, profit before interest and tax (EBIT) jumped a healthy 41 % comp
    Read More
  • Caterpillar bullish with strong results
    July 30, 2018
    Caterpillar reports strong financial performance for sales in the second quarter of 2018. The firm's sales and revenues hit US$14 billion for the period, compared with $11.3 billion in the second quarter of 2017, a 24%. Second-quarter 2018 profit/share of $2.82 was a second-quarter record. Profit/share was $1.35 in the second quarter of 2017. Adjusted profit per share in the second quarter of 2018 was $2.97, compared with second-quarter 2017 adjusted profit/share of $1.49.
    Read More

Highlighted Content