Strabag boasts record order book1 June 2017
Austria - Contractor Strabag announced that its order backlog on 31 March 2017 had passed the EUR 16bn mark for the first time in the company's history. The full value of the work was EUR 1,611,313,000.
The company said that this was partly due to numerous new large orders from the public sector and industry in Germany, as well as several new projects in different construction segments in Central and Eastern Europe.
Strabag experienced its usual winter loss, albeit reduced, but expects to make it up in the warmer months. Strabag CEO Thomas Birtel added, "As usual in the construction sector, the first quarter does not allow us to draw any conclusions for the full year. Still, the figures for the first three months of 2017 – and especially the renewed record orderbacklog of more than EUR 16 billion – reinforce our decision to confirm the existing outlook: The output volume is expected to rise and the EBIT margin should reach at least 3 per cent. The development of the business in the weeks after the quarterly reporting date also supports this forecast."