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| Strabag increases revenues in Q109 Austrian construction giant Strabag grew its output volume to € 2,190.3 million in the first three months of 2009, a plus of 14 % compared to the same period the year before. Significant growth was registered in Germany, in Russia and in the Middle East. By comparison, business receded in Austria and the Czech Republic in the Building Construction & Civil Engineering segment. The consolidated group revenue reached € 2,082.3 million in the first three months of the 2009 financial year, compared to € 1,762.7 million the period before (+18 %). The growth is largely due to the acquisitions made the previous year. The EBITDA and EBIT margins, by comparison, improved from -3.5 % to -3.2 % and from -7.8 % to -7.3 %, respectively. STRABAG explains this development in part with the better earnings in the Building Construction & Civil Engineering segment on the German home market. On the other hand, the first-time inclusion of STRABAG Property und Facility Services GmbH (SPFS) in the Special Divisions & Concessions segment also had a positive effect on the margins. write your comments about the article :: © 2009 Construction News :: home page |