Strabag Raises Outlook for 2011 and 2012 after Solid Q1

Industrials › Construction ♦ Published: May 31, 2011; 11:27 ♦ (Vindobona)

The Austrian construction company increased its output volume by 26% in the traditionally weak first three months of the year. Operating result improved marginally to € -145.38m.

Strabag Raises Outlook for 2011 and 2012 after Solid Q1 / Picture: © Strabag SE

After a solid first quarter 2011, Strabag SE raises its outlook for the financial years 2011 and 2012. According to the new forecast, the group expects an output volume of € 14.0bn in 2011 (previous target: € 13.5bn). Earnings before interest and taxes (EBIT) are forecast to increase to € 320m, after € 295m had been predicted. For 2012, the company had expected an output volume…

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