STRABAG reports strong financial performance

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.
November 30, 2015 Read time: 2 mins
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.

This increase in output volume of 6% was driven primarily by strong performance in Slovakia, Germany, the Czech Republic and Poland. The consolidated group revenue, like the output volume, also grew, gaining 7% to nearly €95 billion.

The higher revenue also resulted in improved earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first nine months of 2015 by 15% to €403.79 million. The EBIT climbed to €115.81 million.

The Management Board of 945 STRABAG continues to expect the output volume in the 2015 financial year to grow from € 13.6 billion to € 14 billion. The EBIT should increase to at least € 300 million. In this regard, the efforts made to further improve the risk management and to lower costs would already have an impact on earnings. This would bring the company one step closer to its target of achieving an EBIT margin (EBIT/revenue) of 3% in 2016.
Finance & Funding

For more information on companies in this article

Related Content

  • Strabag toast ‘double-digit’ revenue and earnings rise
    April 27, 2012
    Strong demand in the German building construction and civil engineering sector and booming Polish transport infrastructure construction helped fuel a double-digit increase in Strabag revenue and earnings during the 2011 financial year. The Austrian construction firm’s earnings before tax and interest (EBIT) rose by 12% to US$442.81million (€334.78million), resulting in an unchanged EBIT margin of 2.4%. Meanwhile, Strabag’s revenue rose by 11% to $18.13billion (€13.71billion).
    Read More
  • Wacker Neuson reports strong Q3 performance
    November 12, 2013
    Compact equipment manufacturer Wacker Neuson reports an upturn in its business in the third quarter of 2013. This comes despite the difficult economic climate. The firm’s revenue for the third quarter of 2013 was 8.6% higher than the same period in 2012 and reached €276.3 million, compared €254.5 million in the previous year. Taking into account currency fluctuations, this represents an increase of 13% according to the firm. “When viewed against negative trends in certain markets, we can be satisfied with t
    Read More
  • Cummins reports strong performance for 2022
    February 8, 2023
    Cummins is reporting a strong financial performance for 2022.
    Read More
  • Wacker Neuson reports strong financial performance
    August 9, 2018
    Munich-based Wacker Neuson is reporting a substantial increase in revenue and profitability for the first six months of 2018. According to the firm’s latest results, revenue is at a record high and there has been a marked improvement in profit before interest and tax. However bottlenecks among suppliers as well as currency developments have had a dampening effect on the results. Revenue for the first half of 2018 rose 8% to a new record high of €825 million, compared with €764 million for the same period i
    Read More

Highlighted Content