Strabag betters output forecast

Strabag exceeded its expected output forecast for 2011 by EUR 0.3bn (USD 396M). The total EUR 14.3bn (USD 18.9bn) output figure was up from EUR 12.8bn the previous year.

The order book stood at EUR 13.4bn (USD 17.7bn), down 9 per cent on the level at the end of 2010. A Strabag spokesman said that the company should see output in 2012 roughly equalling that in 2011.

The spokesman added, “Even if uncertainties regarding the actual economic environment – economic growth in the individual markets, the height of public spending, and the financing environment for our clients – make planning difficult, Strabag [will see] relatively stable results for the 2012 financial year.