EANS-Adhoc: STRABAG SE EBIT of EUR 300 million will not be achievable
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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25.07.2012
Based on new information, the Management Board of the publicly listed
construction company STRABAG SE expects that the earnings before interest and
taxes (EBIT) target of EUR 300 million, which had been indicated as being "more
than ambitious", could be reached only by about two thirds.
Reasons are, among others: the delays of public authorities in Central and
Eastern Europe in dealing with claims, especially in Poland, the cautious
valuation of some construction projects and the ruinous price war in the raw
materials business.
Further inquiry note:
STRABAG SE
Diana Klein, CFA
Head of Corporate Communications
Tel: +43 1 22422-1116
diana.klein@strabag.com
end of announcement euro adhoc
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issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 - 1177
mail: www.strabag.com
WWW: investor.relations@strabag.com
sector: Construction & Property
ISIN: AT000000STR1, AT0000A05HY9
indexes: WBI, ATX Prime, ATX, SATX
stockmarkets: official market: Wien
language: English