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Strabag SE reduces seasonal winter losses in first quarter of 2016(with document)
Press Wire ♦
Published: May 31, 2016; 07:31 ♦ (Vindobona)
Publicly listed construction company STRABAG SE has reduced its winter losses - typical in the construction industry - in the first three months of the year. The earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 13 %, the earnings before interest and taxes (EBIT) by 9 %. The net income after minorities, at EUR -116.99 million, settled at about the same level as the first quarter last year.
Strabag SE reduces seasonal winter losses in first quarter of 2016(with document) / Picture: © Vindobona.org
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