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STRABAG SE expects 2020 EBIT to exceed previous year’s level

9 February 2021

EBIT for the 2020 financial year expected to exceed € 600 million
Output volume in 2020 higher than expected, but still considerably below the previous year’s figure
EBIT margin therefore significantly higher than 3.5 %

After an internal evaluation of all currently available information, the Management Board of STRABAG SE expects the EBIT for 2020 to exceed the previous year’s EBIT, which had amounted to around € 600 million.

The 2020 financial year was a challenging one in some markets due to the Covid-19 pandemic. Positive effects predominated, however, for example in the transportation infrastructures segment of several core markets. This allows the group to expect significantly higher earnings than forecast for the 2020 financial year overall.

The 2020 output volume exceeds expectations but still remains considerably below the previous year’s value. Due to this special constellation, the previously targeted EBIT margin of at least 3.5 % will be significantly exceeded in the 2020 financial year.

This extraordinary earnings situation in the 2020 financial year does not change the planning for the coming years.

Detailed business figures and the final 2020 EBIT will be reported on 30 April 2021.

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Marianne Jakl
STRABAG SE
Head of Corporate Communications
Group Spokeswoman

+43 1 22422 1174

pr@strabag.com

Marco Reiter
Head of Investor Relations

+43 1 22422 1089

marco.reiter@strabag.com

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 86,000 employees, we generate an annual output volume of around € 19 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 www.strabag.com.