PRESS RELEASE
from STRABAG SE (isin : AT000000STR1)
EQS-Adhoc: STRABAG SE expects EBIT margin close to 5 % for 2023
EQS-Ad-hoc: STRABAG SE / Key word(s): Change in Forecast/Annual Results
STRABAG SE expects EBIT margin close to 5 % for 2023
06-Feb-2024 / 12:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
STRABAG SE expects EBIT margin close to 5 % for 2023
The Management Board of STRABAG SE announces that, based on today’s internal evaluation of all information, the EBIT margin for 2023 is expected to be close to 5 %. This represents an increase on the previously forecast EBIT margin as well as higher earnings than expected for the 2023 financial year. At around € 19 billion, the output volume in 2023 will increase as expected compared to the previous year’s figure of € 17.7 billion.
The increased guidance is due to positive influences on earnings resulting from the strong market positions in the North + West segment.
Due to the economic challenges within the construction industry, however, the increased earnings for the 2023 financial year do not change the target of generating an EBIT margin of at least 4 % in the coming financial years.
The detailed financial figures and final earnings will be reported on 25 April 2024.
- EBIT margin for 2023 financial year expected close to 5 %
- Output volume in 2023 above previous year’s figure at around € 19 billion
The Management Board of STRABAG SE announces that, based on today’s internal evaluation of all information, the EBIT margin for 2023 is expected to be close to 5 %. This represents an increase on the previously forecast EBIT margin as well as higher earnings than expected for the 2023 financial year. At around € 19 billion, the output volume in 2023 will increase as expected compared to the previous year’s figure of € 17.7 billion.
The increased guidance is due to positive influences on earnings resulting from the strong market positions in the North + West segment.
Due to the economic challenges within the construction industry, however, the increased earnings for the 2023 financial year do not change the target of generating an EBIT margin of at least 4 % in the coming financial years.
The detailed financial figures and final earnings will be reported on 25 April 2024.
End of Inside Information
06-Feb-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | STRABAG SE |
| Donau-City-Straße 9 | |
| 1220 Vienna | |
| Austria | |
| Phone: | +43 1 22422 – 1089 |
| Fax: | +43 1 22422 - 1177 |
| E-mail: | investor.relations@strabag.com |
| Internet: | www.strabag.com |
| ISIN: | AT000000STR1, AT0000A36HH9 |
| Listed: | Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1830773 |
| End of Announcement | EQS News Service |
1830773 06-Feb-2024 CET/CEST