EQS-News: STRABAG SE Trading Statement Q1/2022: Double-digit growth in output volume and order backlog

EQS-News: STRABAG SE / Key word(s): Quarter Results
   STRABAG SE Trading Statement Q1/2022: Double-digit growth in output volume
   and order backlog

   31.05.2022 / 07:00
   The issuer is solely responsible for the content of this announcement.

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   Double-digit growth in output volume and order backlog

   •    Output volume up by 12 % to € 3.1 billion compared to Q1/2021
   •    Order backlog up 18 % to € 23.7 billion, another record level
   •    2022 outlook: due to the high order backlog, output volume should
   achieve record level of 2019, EBIT margin expected to reach at least 4 %
   on a sustained basis
    

   STRABAG SE                        3M/2022   3M/2021   % 3M/2021–3M/2022
   Output volume                     3,066.54  2,735.27  12 %
   Order backlog                     23,726.16 20,051.37 18 %
   Employees                         71,167    71,292    0 %
                                                          
   NORTH + WEST                      3M/2022   3M/2021   % 3M/2021–3M/2022
   Output volume                     1,530.62  1,354.62  13 %
   Order backlog                     12,482.65 9,987.05  25 %
   Employees                         25,072    25,065    0 %
                                                          
   SOUTH + EAST                      3M/2022   3M/2021   % 3M/2021–3M/2022
   Output volume                     851.49    754.28    13 %
   Order backlog                     6,272.29  5,148.15  22 %
   Employees                         19,177    18,762    2 %
                                                          
   INTERNATIONAL + SPECIAL DIVISIONS 3M/2022   3M/2021   % 3M/2021–3M/2022
   Output volume                     660.89    599.97    10 %
   Order backlog                     4,964.51  4,906.32  1 %
   Employees                         19,902    20,607    -3 %
                                                          
   OTHER                             3M/2022   3M/2021   % 3M/2021–3M/2022
   Output volume                     23.54     26.40     -11 %
   Order backlog                     6.71      9.85      -32 %
   Employees                         7,016     6,858     2 %

   The publicly listed European technology group for construction services
   STRABAG SE today announced its figures for the first quarter of 2022. “The
   high order backlog provides a solid basis for the outlook on the output
   for the full year. Given the current situation, we are confident of
   achieving our target of generating a sustained 4 % EBIT margin from 2022
   onwards, despite the price dynamics. Nevertheless, it is of course
   important to closely monitor and continuously assess supply chain and
   price risks,” says Thomas Birtel, CEO of STRABAG SE.

   Output volume
   The output volume of the STRABAG SE Group grew by 12 % to € 3.1 billion in
   the first quarter of 2022, largely due to the more favourable weather for
   construction compared to the same quarter of the previous year. By far the
   largest contribution to the output was achieved in the home market of
   Germany, followed by the Czech Republic, Austria and the United Kingdom,
   where the two largest projects in the order book are currently being
   executed. With the exception of Denmark and the Benelux countries, which
   saw a decline in the output volume, there were no significant changes
   compared to the same period last year.

   Order backlog
   The order backlog reached a new record level of € 23.7 billion (+18 %
   compared to 31 March 2021). Here, too, Germany contributed the most to the
   growth of the order backlog in absolute terms, with an increase of 26 %,
   followed by Austria (+21 %) and Poland (+35 %). The Czech Republic (+23
   %), the Americas (+36 %) and Hungary (+33 %) also recorded significant
   growth. In contrast, the order backlog declined in the United Kingdom, as
   well as in the Benelux countries and Denmark. Projects acquired in the
   first quarter of 2022 include the expansion of the S19 expressway in
   Poland, the Grünblick in Viertel Zwei residential project in Vienna,
   Austria, and the construction of the corporate headquarters of Volksbank
   Raiffeisenbank Bayern Mitte in Ingolstadt, Germany.

   Employees
   In terms of employee numbers, there was a shift from the Americas region –
   where staff levels were reduced due to the completion of a major
   tunnelling project – to the core markets of Europe. Due to the increased
   output volume and the higher order backlog, the number of employees grew
   especially in the home market of Germany and in the United Kingdom. In
   total, the number of employees remained almost unchanged from the previous
   year at 71,167.

   Outlook
   In view of Russia’s war against Ukraine, which began in the first quarter,
   any forecast is still subject to uncertainties and risks. Based on the
   recent record order backlog and an output volume in the first quarter of
   2022 that is roughly the same as in the first quarter of 2019, the
   Management Board is maintaining its target for a construction output of €
   16.6 billion for 2022 for the time being. The board also expects to
   generate an EBIT margin of at least 4 % on a sustained basis. Net
   investment (cash flow from investing activities) is not expected to exceed
   € 550 million.

   STRABAG SE is a European-based technology partner for construction
   services, a leader in innovation and financial strength. Our services span
   all areas of the construction industry and cover the entire construction
   value chain. We create added value for our clients by our specialised
   entities integrating the most diverse services and assuming responsibility
   for them. We bring together people, materials and machinery at the right
   place and at the right time in order to realise even complex construction
   projects – on schedule, of the highest quality and at the best price. The
   hard work and dedication of our approximately 74,000 employees allow us to
   generate an annual output volume of around € 16 billion. At the same time,
   a dense network of numerous subsidiaries in many European countries and on
   other continents is helping to expand our area of operation far beyond the
   borders of Austria and Germany. More information is available at
   www.strabag.com.

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   31.05.2022 This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     STRABAG SE
                Donau-City-Straße 9
                1220 Vienna
                Austria
   Phone:       +43 1 22422 - 1174
   Fax:         +43 1 22422 - 1177
   E-mail:      investor.relations@strabag.com
   Internet:    www.strabag.com
   ISIN:        AT000000STR1
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1364409


    
   End of News EQS News Service


   1364409  31.05.2022 

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