|
contents | business | |||||||||
| Strabag expects output and revenues in 2008 to grow by 15 % Strabag SE, Austria's biggest builder, was able to grow its construction output in the first quarter 2008 by 12% over the first quarter of the previous year to € 1,922.6 million. The construction output was up in Central and Eastern Europe (€ +86 million), in the core markets Germany (€ +57 million) and Austria (€ +26 million) and in the Middle East (€ +36 million) and down in Americas (€ -25 million) and Croatia (€ -19 million). Consolidated group revenue in the first three months of the 2008 financial year amounted to € 1,762.7 million, compared to € 1,475.3 million in the same period last year (+19 %). The order backlog at 31 March 2008 showed a plus of 26 % compared to the first quarter 2007 and an increase of 17 % over the balance sheet date from the 2007 financial year. Strabag expects construction output and revenues in 2008 to grow by 15 % over the 2007 financial year. With the expansion into higher-margin countries and segments, higher margins should be possible in the EBIT and profit for the period. The order backlog of € 12.6 billion at 31 March 2008 covers more than 100 % of the planned construction output for 2008. write your comments about the article :: © 2008 Construction News :: home page |