EANS-News: Strabag SE Trading Statement Q3: Full-year outlook raised on output volume - ATTACHMENT

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Company Information

Vienna - The publicly listed European-based technology partner for construction
services STRABAG SE today announced its figures for the first nine months of
2019 along with an outlook on the 2019 full year with an updated output volume.

"After nine months, we see ourselves confirmed in our assessment for business
development in 2019. Given the high demand in almost all of our core markets, we
are now even more optimistic about the output volume and expect to at least
reach the record level of the previous year," says Thomas Birtel, CEO of STRABAG
SE.

Output volume
STRABAG SE generated revenue of EUR 12,150.23 million in the first nine months
of the 2019 financial year. This upward movement of 4 % reflects the high demand
in all of the group's core markets with the exception of Slovakia. The
development was shaped particularly by growth in Germany and Austria as well as
in transportation infrastructures in Poland and Hungary, but also by the already
expected decline resulting from the loss of a key account in the German property
and facility services segment.

Order backlog
The order backlog as at 30 September 2019 weakened slightly on the year, falling
by 2 % to EUR 17,733.68 million, but clearly exceeded the value of one year's
output volume and so remained at a very high level. Declines were seen in
Hungary, Austria and Slovakia, for example, as work progressed on numerous major
projects in these countries. This development was contrasted by the substantial
expansion of an existing order in the United Kingdom and a significant increase
in the order backlog in the Czech Republic. The projects acquired in 2019
include the construction of a section of the D35 motorway and the modernisation
of several railway lines in the Czech Republic, the upgrading of bridges on
Germany's A9 motorway near Allersberg, two mining contracts for the El Teniente
mine in Chile, the transportation infrastructure and civil engineering works for
the Boll-Sinneringen bypass in Switzerland, the rehabilitation of the southern
section of Budapest's M3 metro line in Hungary, and the construction of a
wastewater pumping station in Qatar and a pumped storage power plant in Dubai.

Employees
In line with the increased output volume in the group's core markets, STRABAG
increased the number of employees by 3 %, or 2,100 persons, to 76,875. Staff was
added especially in Poland and Austria, while the other markets exhibited
inconsistent trends.

Outlook
For the current 2019 financial year, STRABAG now expects to generate an output
volume at least as high as the record of the previous year of EUR 16.3 billion.
The previous assessment only expected to exceed the EUR 16.0 billion mark. By
segments, the group continues to expect a decline in International + Special
Divisions and growth in North + West and South + East. The forecast for an EBIT
margin of at least 3.3 % remains in place, as does the outlook for net
investments (cash flow from investing activities), which should reach a maximum
of EUR 550 million in 2019.

Further inquiry note:
STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel: +43 1 22422-1116
[email protected]

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10377058/1/STRABAG_SE_Trading_Statement_Q3-2019_November_2019_e.pdf

issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 - 1177
mail: [email protected]
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: SATX, WBI, ATX
stockmarkets: Wien
language: English

ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER | CNE

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