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Strabag: Losses Ahead

Published: November 28, 2012; 19:53 · (Vindobona)

Next Friday, the Austrian construction group presents its results for the first nine months of 2012.

Strabag: Losses Ahead / Picture: © Strabag SE

The Vienna-listed construction group is expected to record net losses of € 45m in the first three quarters of 2012, analysts of Erste Group and RCB (Raiffeisen Centrobank) say. Above all, this is due to the growing price pressure on the Austrian construction market. In the first nine months of 2011, the net income came at € 112m.

The construction output is estimated to remain…

This article includes a total of 153 words.

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