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| Strabag publishes preliminary figures for the 2008 Vienna-based Strabag, the largest construction company in Central and Eastern Europe, presented its preliminary figures for the 2008 financial year. The output volume grew by 28 % to € 13.7 billion in the year under report, generating a record EBITDA of € 648 million (+9 %). The EBIT was down by 14 % to € 270 million because of higher depreciation and amortisation charges related to acquisitions and expenditures and due to extraordinary charges (thereof approx. € 25 million for impairment on goodwill). Despite the strong acquisition activity, equity and liquidity could be kept at a satisfactorily high level. € 560 million were spent on enterprise acquisitions in 2008. write your comments about the article :: © 2009 Construction News :: home page |