Strabag Germany Cancels Profit Warning

IndustrialsConstruction ♦ Published: April 6, 2012; 14:42 ♦ (Vindobona)

In November, the German subsidiary of the Austrian construction company published a profit warning. Now, the initial expectations were recovered.

Strabag Germany Cancels Profit Warning / Picture: © Wikimedia Commons / The Communist International (based on an artwork by Boris Kustodiev, d. 1927) [Creative Commons CC0 1.0 Universal Public Domain Dedication]

The Cologne-based Strabag Germany said that the business year of 2011 will bring an EBIT of about € 124m. The year before, Strabag Germany reached an EBIT of € 119.5m. In November, Strabag Germany warned that the expectation is endangered to be met.

Due to an improvement in the German civil engineering market, the profit warning could be cancelled now. The development in…