Stable results for Strabag

Strabag has reported a stable year-on-year construction output volume of €13.6 billion with its preliminary annual results.

Its order book for 2014 improved to a record high - up 7% to €14.4 billion - which it said was down to planned infrastructure and civil engineering schemes in its Central and Eastern European markets.

The firm said gains in its domestic market had offset output declines in its Russian and Romanian operations.

One of its main ongoing projects has included leading the €300 million contract for the Brenner Base tunnel connecting Austria and Italy.

It delivered an improved financial forecast for 2015, with output predicted to increase to €14 billion for 2015.

Thomas Birtel, CEO of Strabag, said, “Just as expected, the output volume for 2014 remained stable at a high level of €13.6 billion.

“Although we still do not expect any large investment increases in the transportation infrastructures segment in our home market of Germany in 2015, our broad diversification by region and segment should allow us to raise the output volume to about €14 billion this year. The high order backlog supports this target.”