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* Output volume after nine months of 2021 up by 4 %
* Order backlog +14 % to new record high of € 21.6 billion
* Prices for raw and construction materials stable at high level
* 2021 outlook confirmed
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
2021. "Thanks to another record order backlog, we believe we are well on track
to exceed the previous year's output volume for the full year. The positive
trend in output volume to date has been confirmed, as has our assumption that
prices will stabilise at a high level in autumn," says Thomas Birtel, CEO of
STRABAG SE.
Output volume
STRABAG SE generated a 4 % higher output volume of EUR 11,518.90 million in the
first nine months of 2021, continuing the previous trend of moderate output
growth from an already high level. This is mainly due to the upturn in the home
market of Austria following a temporary suspension of construction work in the
wake of the coronavirus crisis in the same period of the previous year. The
execution of large infrastructure projects in the UK is also having a positive
impact on this figure.
Order backlog
At EUR 21,553.88 million, the order backlog as at 30 September 2021 was up 14 %
compared with 30 September 2020 - another record high following the announcement
in the first half of the year that the order backlog had exceeded the EUR 21
billion threshold. In Germany, Austria, Poland, the Czech Republic and Hungary,
the group's five largest markets by output volume, the order books increased
thanks to several new projects in a wide range of sectors.
Employees
The number of employees decreased very slightly by 1 % to 73,578. This was
almost exclusively due to the near completion of tunnelling work at the Alto
Maipo hydropower megaproject in Chile. Meanwhile, only minor changes were
reported in the home markets of Germany and Austria, albeit in different
directions. The other markets also exhibited mixed developments.
Outlook
The Management Board continues to expect an output volume above the previous
year's level in the 2021 financial year, i.e. above EUR 15.4 billion. With
prices for construction and raw materials stabilising at a high level in the
third quarter of 2021, as expected, the EBIT margin should be close to the
target of 4 % set for 2022.
Further inquiry note:
STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel: +43 1 22422-1116
diana.klein@strabag.com
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10808980/1/STRABAG_SE_Trading_Statement_9M-2021_Nov_2021_e.pdf
issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 - 1177
mail: investor.relations@strabag.com
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: WBI, ATX, SATX
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
