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| Strabag provides optimistic outlook for 2011 and 2012 Austrian construction firm Strabag SE announced its guidance until 2012 at its Capital Markets Day. The company expects a slight decrease in its output volume in 2010 from € 13.0 billion to € 12.9 billion. The output is expected to grow by 5 % to € 13.5 billion in 2011 and by 1.5 % to € 13.7 billion in 2012. Strabag SE sees its adjusted earnings before interest and taxes (EBIT) as reaching € 280 million in 2010 (2009: € 283 million; unadjusted, the EBIT is additionally positively impacted by a one-off effect in the amount of € 10.6 million). The EBIT margin of 2.2 % is seen as stable in the following years for a calculated EBIT of € 295 million in 2011 and € 300 million in 2012. Strabag expects the net interest income, the tax rate and the minority interest in earnings in 2010 and 2011 to remain unchanged at € -20 million, 27 %-28 % and € 20-25 million, respectively. write your comments about the article :: © 2010 Construction News :: home page |