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.

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

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.

 

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

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

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0909229f816924524cc479bdca808161&application_id=1488569&site_id=apa_ots_austria&application_name=news

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender