A bullish Strabag adjusts upwards its 2019 outlook

Strabag - in a bullish mood - has adjusted upwards its 2019 outlook as it publishes its nine-month figures for 2018. We now expect the output volume to clearly exceed €15 billion and the operating EBIT margin to attain at least last year’s level of 3.3%. These forecasts lead us to anticipate another record year,” said Thomas Birtel, chief executive Strabag. Output volume was just over €11.6 billion in the first nine months of the 2018 financial year. The company statement said that this upwards moveme
November 30, 2018 Read time: 2 mins
945 Strabag - in a bullish mood - has adjusted upwards its 2019 outlook as it publishes its nine-month figures for 2018.


We now expect the output volume to clearly exceed €15 billion and the operating EBIT margin to attain at least last year’s level of 3.3%. These forecasts lead us to anticipate another record year,” said Thomas Birtel, chief executive Strabag.

Output volume was just over €11.6 billion in the first nine months of the 2018 financial year. The company statement said that this upwards movement of 12 % was driven especially by the German building construction and civil engineering business as well as by the markets in Americas, Austria and Poland. Consolidated group revenue grew by 14%.

The order backlog increased by 13% over the level of 30 September 2017 to a little more than €18 billion.

“Contributing to this development once more were numerous new large orders in the group’s largest markets, above all in Germany, Poland and Hungary. A significant development, too, was the contract extension for the Alto Maipo tunnelling project in Chile in the second quarter of 2018 with a value in the triple-digit million-euro range.”

Finance & Funding

For more information on companies in this article

Related Content

  • Wacker Neuson posts double-digit growth despite economic slowdown
    November 10, 2023
    Wacker Neuson, a leading light and compact equipment manufacturer, remains on course for strong growth despite increasing signs of a general economic slowdown.
    Read More
  • Budimex and Strabag win 16km of Poland’s four-lane A1
    August 6, 2018
    Budimex and Strabag have won a contract to design and build 16km of Poland’s four-lane A1 highway between Tuszyn and Bełchatów. The €111 million deal with the Polish General Directorate for National Roads and Highways is scheduled for completion within 32 month, excluding winter months. The entire section will be concrete and includes two junctions, 17 bridges, several intersections and access roads, noise barriers and wildlife crossings.
    Read More
  • Wacker Neuson reports strong performance
    August 12, 2013
    Wacker Neuson reports a strong financial performance in the second quarter of 2013, despite tough prevailing economic conditions. This represents an improvement also from the first quarter of 2013 when economic performance was weak. The Wacker Neuson Group’s second quarter revenue increased by 15.8% over the previous year, reaching €329 million compared to €284.2 million. An increase in construction activity in April helped boost sales. “In Q2, our revenue rose 28 % on the prior-year quarter to a new record
    Read More
  • ARTBA predicts growth in transport construction
    December 2, 2016
    Modest growth in transport construction is predicted in the US in 2017 by the American Road & Transportation Builders Association (ARTBA). According to a report by ARTBA chief economist, Dr Alison Premo Black, total transportation construction and related market activity is expected to grow 1.3% in 2017, driven largely by increases in highway and bridge private construction activity supporting residential and commercial developments. In 2017, the market is expected to reach US$247.8 billion, up from $244
    Read More

Highlighted Content