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| Strabag sees double-digit growth in the first six months 2008 Austrian construction group Strabag SE was able to grow its output volume in the first half of 2008 by 19 % over the first half of the previous year to € 5,296.8 million. About 42 % or € 348 million of this increase was contributed by Central and Eastern Europe, while a plus of € 206 million came from the largest national market, Germany. The consolidation of Italy's Adanti S. p. A. and of Swedish construction firm ODEN Anläggningsentreprenad AB in part contributed to increases in other Western European countries. Consolidated Group revenue in the first six months of the 2008 financial year amounted to € 4, 777.4 million, compared to € 4,046.7 million in the same period last year (+18 %). Revenue in the second quarter 2008 was up 17 % to € 3,014.7 million. All companies consolidated for the first time in the first half of the year contributed a total of € 101.6 million to the consolidated revenue and € 1.2 million to the consolidated profit. The order backlog at 30 June 2008 showed a plus of 28 % compared to the first half of 2007 and an increase of 27 % over the balance sheet date from the 2007 financial year. The record volume of € 13,656.8 million was due to significant increases in all segments. write your comments about the article :: © 2008 Construction News :: home page |