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Strabag SE celebrates 10 years on the stock market
Press Wire ♦
Published: October 16, 2017; 11:06 ♦ (Vindobona)
Strabag SE, the European-based technology group for construction services, is celebrating 10 years on the Vienna Stock Exchange. On 19 October 2007, the company had placed 28,200,001 no-par shares in free float at a price of EUR 47 per share. Although the subsequent price development was influenced by the crises on the international markets that followed, the shares of Strabag SE managed to outperform the Viennese benchmark index ATX in a 10-year comparison. Last Friday, the shares closed at EUR 36.26.
Strabag SE celebrates 10 years on the stock market / Picture: © Vindobona.org
"Continuously increasing the earnings - this is what the company can do to keep
the shares attractive. And that is just what we've done: Revenue and earnings
have grown considerably since 2007," says Thomas Birtel, CEO of STRABAG SE.
Dividend promises kept
The promise made to the shareholders at the initial public offering to pay out
between 30 % and 50 %…
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