• 16.11.2022, 07:01:59
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  • EQS0002

EQS-News: STRABAG SE Trading Statement 9M/2022: higher output forecast for 2022

EQS-News: STRABAG SE / Key word(s): 9 Month figures
   STRABAG SE Trading Statement 9M/2022: higher output forecast for 2022

   16.11.2022 / 07:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   STRABAG SE Trading Statement 9M/2022: higher output forecast for 2022

   • Output volume up 10 % to € 12.6 billion in the first nine months of 2022
   • Order backlog 8 % higher at € 23.3 billion
   • Outlook for 2022: output volume of at least € 17.0 billion, EBIT margin
   of at least 4 %
    

   STRABAG SE             9M/2022   9M/2021   % 9M/2021–9M/2022
   Output volume (€ mln.) 12,645.28 11,518.90 10 %
   Order backlog (€ mln.) 23,327.59 21,553.88 8 %
   Employees              73,496    73,578    0 %
                                               
   NORTH + WEST           9M/2022   9M/2021   % 9M/2021–9M/2022
   Output volume (€ mln.) 6,167.63  5,593.90  10 %
   Order backlog (€ mln.) 12,055.86 10,908.16 11 %
   Employees              25,552    25,362    1 %
                                               
   SOUTH + EAST           9M/2022   9M/2021   % 9M/2021–9M/2022
   Output volume (€ mln.) 3,903.54  3,537.42  10 %
   Order backlog (€ mln.) 6,124.87  5,507.50  11 %
   Employees              20,653    20,547    1 %
                                               
   INTERNATIONAL +
   SPECIAL DIVISIONS      9M/2022   9M/2021   % 9M/2021–9M/2022
   Output volume (€ mln.) 2,484.41  2,291.22  8 %
   Order backlog (€ mln.) 5,134.75  5,127.28  0 %
   Employees              20,294    20,806    -2 %
                                               
   OTHER                  9M/2022   9M/2021   % 9M/2021–9M/2022
   Output volume (€ mln.) 89.70     96.36     -7 %
   Order backlog (€ mln.) 12.11     10.94     11 %
   Employees              6,997     6,863     2 %

   The publicly listed European technology group for construction services
   STRABAG SE today announced its figures for the first nine months of 2022.
   “Given the high order backlog and the predominantly favourable weather to
   date, we are raising the forecast for our output volume in 2022 from €
   16.6 billion to at least € 17.0 billion. As certain construction segments
   are currently experiencing a downturn, our corporate strategy of
   diversification is again proving its worth. In particular, public-sector
   demand in the infrastructure sector is having a stabilising effect. As
   many as 63 % of our clients are in the public sector,” says Thomas Birtel,
   CEO of STRABAG SE.

   Output volume
   In the first nine months of 2022, the STRABAG SE Group generated a 10 %
   higher output volume of € 12,645.28 million, even surpassing the level
   from the same period of the 2019 record year. The largest increase in
   output volume in absolute terms was recorded in the home market of
   Germany. This was followed by the United Kingdom, where the execution of
   the two largest projects in the order backlog is gaining momentum, and by
   Austria and the Czech Republic. By contrast, there was a moderate decline
   in output volume in Poland, Slovenia, Denmark, and the Benelux countries.

   Order backlog
   The order backlog grew by 8 % over the same period of the previous year,
   reaching € 23,327.59 million as at 30 September 2022 – only slightly below
   the record level from the first half of 2022. Growth was recorded in the
   home markets of Germany and Austria, mainly in building construction and
   civil engineering, as well as in Italy, Romania and Croatia. Due to the
   ongoing execution of several major projects, however, the order backlog
   decreased in Hungary, the United Kingdom, and Denmark.

   Employees
   The number of employees, at 73,496, remained virtually unchanged compared
   to the first nine months of the previous year. Slight decreases in the
   Americas and in Poland were largely offset by increases mainly in Germany
   and the United Kingdom.

   Outlook
   The Management Board now expects to generate an output volume of at least
   € 17.0 billion in the full year – the guidance in the half-year was € 16.6
   billion. The target of achieving an EBIT margin of at least 4 % remains
   unchanged. Net capital expenditure (cash flow from investing activities)
   is not expected to exceed € 550 million.

   STRABAG SE is a European-based technology group for construction services,
   a leader in innovation and financial strength. Our activities span all
   areas of the construction industry and cover the entire construction value
   chain. We create added value for our clients by taking an end-to-end view
   of construction over the entire life cycle – from planning and design to
   construction, operation and facility management to redevelopment or
   demolition. In all of our work, we accept responsibility for people and
   the environment: We are shaping the future of construction and are making
   significant investments in our portfolio of more than 250 innovation and
   400 sustainability projects. Through the hard work and dedication of our
   approximately 74,000 employees, we generate an annual output volume of
   around € 16 billion. Our dense network of subsidiaries in various European
   countries and on other continents extends our area of operation far beyond
   the borders of Austria and Germany. Working together with strong partners,
   we are pursuing a clear goal: to design, build and operate construction
   projects in a way that protects the climate and conserves resources. More
   information is available at [1]www.strabag.com.

    

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   16.11.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   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: 1488569


    
   End of News EQS News Service


   1488569  16.11.2022 CET/CEST

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