Strabag Announces Profit Warning

Business › n.a. ♦ Published: July 25, 2012; 16:27 ♦ (Vindobona)

For the Austrian construction company, the EBIT of EUR 300m will not be achievable.

Strabag Announces Profit Warning / Picture: © Strabag SE

Based on new information, the Management Board of the publicly listed construction company STRABAG SE expects that the earnings before interest and taxes (EBIT) target of € 300m, which had been indicated as being “more than ambitious”, could be reached only by about two thirds.

Reasons are, among others: the delays of public authorities in Central and Eastern Europe in…

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