Output remains stable for Strabag
By Sarah Ann McCay14 February 2013
Austrian-based construction group Strabag's output of €14 billion in its 2012 financial year was a 2% decrease on its 2011 figures.
Order backlog also saw a small decline, of 1%, to €13.2 billion in 2012, down from €13.35 in 2011.
According to Strabag, the drop in backlog was a result of projects in Poland, Russia and neighbouring countries, and Romania, being completed.
However, new business, including a large road construction project in Italy and significant building construction projects in Germany, bolstered the order backlog.
Hans Peter Haselsteiner, CEO of Strabag, said, “At €14.0 billion, our output volume has remained stable versus the €14.3 billion in the previous year. In Poland, we have registered declines due to the end of the construction boom which, however, we were able to compensate with growth in Germany and transportation infrastructures projects in Romania.
"Germany is currently a successful market for us, also as regards new, large contracts in building construction – our German employees are contributing to a solid order backlog,” he said.
Looking ahead to 2013, the firm expects business levels to remain stable, with output forecast to remain at €14 billion for the year. This is likely to be composed of €5.8 billion from the North and West segment, €5.0 billion from the South and East segment, and €3.0 billion from the International and Special Divisions segment.
According to Strabag, output in Poland is expected to continue to decline, but the firm believes this will be countered by increases in tunnelling, in the international business and in building construction in Austria.