Strabag Posts Positive Semi-Annual Earnings for the First Time

Published: August 31, 2011; 10:39 · (Vindobona)

The Austrian construction company recorded outstanding results in the first half of the year. Output volume grew by 17%, EBIT improved from € -10.36m to € 16.67m.

Strabag Posts Positive Semi-Annual Earnings for the First Time / Picture: © Strabag SE

Today, Wednesday, Strabag SE announced its figures for the first six months 2011. Although the break-even point in the earnings before interest and taxes (EBIT) is reached normally not until the third quarter due to the high seasonality of the construction business, it has already shown a positive € 16.67m in the first half of 2011.

CEO Hans Peter Haselsteiner comments on the…

This article includes a total of 947 words.

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