EQS-News: STRABAG SE reports records and expects records

EQS-News: STRABAG SE / Key word(s): Preliminary Results
STRABAG SE reports records and expects records

17.02.2022 / 10:21
The issuer is solely responsible for the content of this announcement.

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* Output growth of 4 % to € 16.1 billion
* Order backlog at record level of € 22.5 billion (+22 %)
* Outlook for 2022: output should at least match record year of 2019,
EBIT margin sustainably at >= 4 %

 

         
STRABAG SE 2021 2020 % 2020-2021  
Output volume 16,128.92 15,446.61 4 %  
Order backlog 22,500.85 18,369.02 22 %  
Employees 73,606 74,340 -1 %  
         
NORTH + WEST 2021 2020 % 2020-2021  
Output volume 7,902.46 7,862.65 1 %  
Order backlog 11,628.13 9,158.18 27 %  
Employees 25,430 25,801 -1 %  
         
SOUTH + EAST 2021 2020 % 2020-2021  
Output volume 4,930.38 4,632.60 6 %  
Order backlog 5,596.97 4,441.14 26 %  
Employees 20,685 20,512 1 %  
         
INTERNATIONAL + SPECIAL DIVISIONS 2021 2020 % 2020-2021  
Output volume 3,161.46 2,811.86 12 %  
Order backlog 5,268.22 4,763.26 11 %  
Employees 20,610 21,339 -3 %  
         
OTHER 2021 2020 % 2020-2021  
Output volume 134.62 139.50 -3 %  
Order backlog 7.53 6.44 17 %  
Employees 6,881 6,688 3 %  

STRABAG SE, the publicly listed European technology group for construction
services, today announced its first figures for the 2021 financial year
and gave an outlook for 2022. „2021 was an exceptionally successful year
for us. We were still unable to match the record year of 2019 in terms of
output – that should be achieved in 2022 – but an extraordinarily high
EBIT margin for 2021 is on the horizon. We are very confident that we will
achieve our goal of a sustained EBIT margin of at least 4 % from 2022
onwards,“ expects Thomas Birtel, CEO of STRABAG SE.

Output volume
The STRABAG SE Group recorded a 4 % higher output of € 16,128.92 million
in the 2021 financial year. This is mainly due to a 10 % upturn in the
home market of Austria following the negative business development in the
same period of the previous year as a result of the temporary suspension
of construction work in the wake of the coronavirus crisis. Growth was
also recorded, among other places, in Germany, the Czech Republic and, due
to ongoing megaprojects, in the UK.

Order backlog
At € 22,500.85 million, the order backlog was 22 % higher than in the
previous year – another record level. The order backlog increased
especially in the home markets of Germany and Austria, but also in core
markets such as Poland and Hungary, thanks to numerous new projects in a
wide range of sectors.

In Germany, these projects include an office tower complex for Helaba in
Frankfurt, a shipbuilding facility for thyssenkrupp Marine Systems in Kiel
and the six-lane expansion of the A8 motorway near Pforzheim along a
length of 4.8 km. New orders in Poland comprise, among other things, two
design-and-build projects for a 12 km section of the S19 motorway and the
S12 bypass road for the city of Chełm. In Hungary, the order books were
filled in part by projects for a two-lane expansion of the R67 expressway
over a length of 10 km, the expansion of a railway section of the TEN-T
network and the gap closure of the M6 motorway to the Croatian border.

Employees
The number of employees decreased slightly by 1 % to 73,606, due mainly to
the completion of tunnelling work for the Alto Maipo hydropower
megaproject in Chile. This was contrasted by increases in the UK and
Croatia, among other places. The remaining markets showed very mixed
trends.

Outlook 2022
Based on the new record order backlog of around € 22.5 billion at the end
of 2021, the Management Board is confident that it will also be able to at
least match the record output volume of € 16.6 billion from 2019. Growth
is expected in all three operating segments, but especially in South +
East.

In terms of the EBIT margin (EBIT/revenue), the company is sticking to its
target of achieving at least 4 % on a sustainable basis from 2022 onwards.
The combination of numerous positive earnings effects in all segments led
to a projected EBIT margin of close to 6 % for 2021. This exceptionally
high level is not expected to be repeated in 2022, however. Net
investments (cash flow from investing activities) in 2022 will likely not
exceed € 550 million.

Additional figures and details about the 2021 financial year will be
available from 7:00 a.m. (CEST) on 29 April 2022 at www.strabag.com.

 

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17.02.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: STRABAG SE
Donau-City-Straße 9
1220 Wien
Austria
Phone: +43 1 22422 -0
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: 1282175

 
End of News EQS News Service

1282175  17.02.2022 

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