The Austrian group Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
July 20, 2012
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The Austrian group 945 Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
Construction company STRABAG has seen its financial performance improve during the 2015 financial year. The firm’s earnings before interest and taxes (EBIT) reached €341.04 million, an increase of 21% over the previous year. Double-digit growth was also achieved in net income (after minorities), with a gain of 22% to €156.29 million, while earnings/share grew from €1.25 to €1.52. These developments have compelled the management board to propose to the AGM planned for June 2016 a dividend of €0.65, which wil
Eurovia has won two major road contracts in the US worth a total of US$480 million. A subsidiary of the French company Vinci Construction, Eurovia will work on design-and-build contracts that will help improve two road corridors in North Carolina.
Eurovia’s work on I-485 in Charlotte involves adding a 26km express toll lane in each direction as well as a free high-occupancy-vehicle lane. The project aims to improve traffic conditions on the highway, which is used by 146,000 vehicles/day and suffers severe
Contractor STRABAG is bullish and report strong economic performance for its latest financial results. The firm’s output volume after first nine months of 2015 hit nearly €10.3 billion, an increase of 6% over the same period for 2.14. Meanwhile there was strong growth in earnings with the firm’s EBITDA rising to €403.79 million, and EBIT to €115.81 million. The order backlog was down 11% to €13.8 billion however. For the whole of 2015, the outlook is healthy.
