EANS-News: STRABAG SE Trading Statement 9M 2020: Figures confirm the outlook - ATTACHMENT

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* Output volume down 9 % to € 11.1 billion
* Order backlog up 7 % to € 19.0 billion
* 2020 outlook confirmed: output volume at € 15.0 billion, EBIT margin expected
to reach at least 3.5 %

Company Information/Quarterly Report

Vienna - STRABAG SE, the publicly listed European-based technology group for
construction services, today announced its figures for the first nine months of
2020. "We have seen a continuation of the trend observed in the previous
quarters: the decline in output is in line with expectations for the year as a
whole, and the order backlog remains very high. We are therefore staying with
the outlook for 2020," says Thomas Birtel, CEO of STRABAG SE.

Output volume
In the first three quarters of 2020, STRABAG SE generated an output volume of
EUR 11,099.85 million, 9 % less than in the same period of the previous year.
This is largely due to the same three factors as reported in the semi-annual
report: the loss of a German key account in the property and facility services
business resulting from an expired contract in mid-2019, the temporary halt to
construction activity due to the coronavirus crisis in Austria, and the
performance and completion of tunnelling projects in Chile.

Order backlog
The order backlog as per 30 September 2020 amounted to EUR 19.0 billion, up 7 %
on the same date in the previous year. The execution of large orders in the
Americas, Hungary and Poland, among other places, was contrasted by new large
orders and contract extensions in tunnelling in the United Kingdom and a
significant increase in the order backlog in Germany. The company added several
substantial projects to its order books in Germany in the third quarter of 2020,
including a major contract for Deutsche Bahn and the award of the A49 motorway
project in Hesse under a public-private partnership (PPP) scheme. Further
projects acquired in the third quarter include the expansion of the water supply
system in Ghana as well as railway modernisation works along a 9.6 km section in
the Czech Republic and a 11.2 km section in Bulgaria.

Employees
The reduced output is also reflected in the lower number of employees, which
fell by 4 % to 74,169 compared to the first nine month of the previous year. Due
to the aforementioned loss of a large, long-running contract in the Property &
Facility Services segment in the previous year, the greatest decline was
recorded in Germany, followed by project-related staff reductions in the Middle
East. Developments in the other markets were mixed.

Outlook
The Management Board confirms its outlook for the 2020 financial year as updated
in August and anticipates a decrease in the output volume to approx. EUR 15.0
billion (-10 %). At the same time, it should still be possible to attain an EBIT
margin of at least 3.5 % as had been previously expected. Net investment (cash
flow from investing activities) is not expected to exceed EUR 450 million.

Further inquiry note:
STRABAG SE
Marianne Jakl
(Interim) Head of Corporate Communications
Tel: +43 1 22422-1174
[email protected]

end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10610155/1/STRABAG_SE_Trading_Statement_9M-2020_Nov_2020_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: ATX, SATX, WBI
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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