EQS News: STRABAG SE Trading Statement Q1-2024: Sustained high order backlog as a solid basis for the rest of the year

EQS-News: STRABAG SE / Key word(s): Quarterly results STRABAG SE Trading Statement Q1-2024: Sustained high order backlog as a solid basis for the rest of the year 05/29/2024 / 07:00 CET/CEST The issuer/publisher is responsible for the content of the announcement responsible. ════════════════════════════════════════ ══════════ ════════════════════════ STRABAG SE Trading Statement Q1-2024: Sustained high order backlog as a solid basis for the rest of the year • Slight increase in performance of 2% • Order backlog in Year-on-year comparison stable, increased by 5% to €24.6 billion compared to the end of 2023 • Outlook for 2024 confirmed: Output around €19.4 billion, EBIT margin ≥ 4% STRABAG SE 3M/2024 3M/2023 % Output 3,436, 11 3,384.71 2% Order backlog 24,553.29 24,510.68 0% Number of employees (FTE) 75,482 73,747 2% NORD + WEST 3M/2024 3M/2023 % Output 1,499.23 1,504.49 0% Order backlog 11,666.22 10,601.18 10 % Number of employees (FTE) 21,918 21,426 2% SOUTH + EAST^1) 3M/2024 3M/2023 % Output 1,166.94 1,162.89 0% Order backlog 7,615.83 8,488.51 -10% Number of employees (FTE) 25,026 25,159 -1% International + special division^1) 3M/2023 % Performance 704.51 658.17 7 % order stock 5,247.66 5,326.39 -1 % number of employees (FTE) 20.893 19.569 7 % other 3M/2024 3/2023 Power 65 .43 59.16 11% Order backlog 23.58 94.60 -75% Number of employees (FTE) 7,645 7,593 1% 1) The building materials business, previously reported in the International + Special Divisions segment, was retroactively transferred to the South + East segment as of January 1, 2023 incorporated. The previous year’s figures were adjusted accordingly. The listed European technology group for construction services STRABAG SE today announced figures for the first quarter of 2024. “The trends from the previous year continued in the first quarter of 2024. The situation in individual markets remains challenging; there are still no signs of a trend reversal in residential construction. Nevertheless, we were able to expand our order backlog to €24.6 billion compared to the end of 2023, giving us a solid basis for the rest of the year. We expect positive impulses primarily from forward-looking projects in the areas of energy infrastructure and existing construction,” explains Klemens Haselsteiner, CEO of STRABAG SE. Performance The STRABAG SE Group generated performance of €3.4 billion in the first quarter of 2024 – a slight increase of 2% compared to the same period last year. The largest increases in absolute numbers were recorded in the core markets of Germany, Poland and Romania. Output fell due to the sharp decline in the housing construction market, especially in Austria. Order backlog The order backlog was kept stable at a high level at €24.6 billion as of March 31, 2024 – compared to the same time in the previous year. Compared to the end of 2023, there is an increase of 5%, which can be attributed to successful project acquisitions in the first quarter of 2024. These include, among other things, the construction of a new shipping lock in Kriegenbrunn (Germany), the expansion of a rapid transit line in Toronto (Canada) and the construction of a bridge over the Oder near Nędza (Poland). Year-on-year, the order backlog increased the most in Germany, Poland and the Middle East. Declines were recorded in Austria and, as a result of the completion of major projects, in the United Kingdom. Number of employees In the first quarter of 2024, an average of 75,482 employees (FTE) were employed. This corresponds to an increase of 2% compared to the previous year. The largest increase was recorded in Germany, particularly due to a takeover in the Property & Facility Service sector. To a lesser extent, the number of employees was also increased in the United Kingdom and Romania, among others, to process projects. Outlook for 2024 “The construction industry continues to be challenging in individual European markets. However, with the expected interest rate cuts, the environment should gradually brighten from the second half of 2024,” says Klemens Haselsteiner, CEO of STRABAG SE. Based on the consistently high order backlog and the broad positioning of the STRABAG Group, the Management Board is sticking to the targeted construction output of €19.4 billion for 2024 for the time being. The EBIT margin should again be at least 4%. Net investments are also still forecast at a maximum of €750 million. STRABAG SE is a European technology group for construction services, a leader in innovation and capital strength. Our offering encompasses all areas of the construction industry and covers the entire construction value chain. We create added value for our customers by looking at buildings holistically, across the entire life cycle – from conception to planning and construction, operation and facility management through to conversion or dismantling. In doing so, we take responsibility for people and the environment: We are working on the future of construction and investing in our currently more than 250 innovation projects and 400 sustainability projects. Thanks to the commitment of our approximately 86,000 employees, we generate an annual output of around €19 billion. With a dense network of numerous subsidiaries in many European countries and also on other continents, we are expanding our area of ​​operations far beyond the borders of Austria and Germany. Together, in collaboration with strong partners, we pursue a clear goal: plan, build and operate in a climate-neutral and resource-saving manner. Information also below www.strabag.com. ════════════════════════════════════════ ══════════ ════════════════════════ 05/29/2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com

════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: STRABAG SE Donau-City-Straße 9 1220 Vienna Austria Telephone: +43 1 22422 – 1089 Fax: +43 1 22422 – 1177 Email: investor.relations@strabag.com
Internet: www.strabag.com
ISIN: AT000000STR1, AT0000A36HJ5 Stock exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1912651 End of announcement EQS News Service 1912651 May 29, 2024 CET/CEST

togel

pengeluaran hk

result hk

togel hari ini

By adminn