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

  • DEUTZ sees “encouraging” rise in net income for Q3
    November 14, 2016
    German engine manufacturer DEUTZ said it had a “very encouraging increase” in operating profit for the first three quarters of 2016. EBIT – earnings before interest and tax – stood at €19.7 million, significantly higher than the figure for the prior-year period of €10.6 million. DEUTZ said that this was due, in particular, to a decrease in depreciation and amortisation. Consequently, the EBIT margin almost doubled to reach 2.1%. Net income for the first nine months of 2016 was €18.8 million, compa
    Read More
  • Caterpillar’s strong financial performance for 2017
    January 26, 2018
    Caterpillar has announced strong fourth-quarter and full-year results for 2017. Sales and revenues in the fourth quarter of 2017 were US$12.9 billion, compared with $9.6 billion in the fourth quarter of 2016. Fourth-quarter 2017 loss was $2.18/share, compared with a loss of $2/share in the fourth quarter of 2016.
    Read More
  • Volvo CE bullish
    May 4, 2012
    Swedish-based firm Volvo Construction Equipment (Volvo CE) reports stronger-than-expected increases in demand from customers in Europe and North America. The firm says that this performance has helped boost third quarter sales. Steady sales in many markets having a positive impact on financial performance. Net sales in the three months of July-September rose by 18% to US$2.28 billion, compared with $1.94 billion in the same period last year and when adjusted for currency movements, net sales increased by 27
    Read More
  • European Construction Industry Federation, FIEC, concerned about market
    June 16, 2014
    According to the European Construction Industry Federation, FIEC, there is light at the end of the tunnel in terms of market activity. The FIEC estimates a decline of 2.3% in overall EU construction activity in 2013 but forecasts stabilisation of in 2014 with market gains of 0.1% expected overall. “There can be no growth without investment!” warned FIEC vice president Jacques Huillard, responsible for economic issues. He presented FIEC’s annual statistics prior to the FIEC’s Congress. “The policy of austeri
    Read More

Highlighted Content