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Earnings Calls

Last Earnings Call

Fiscal Period
Q1 2018
Call Date
May 30, 2018
AI Summary
Q1 2018

Output Volume: STRABAG reported Q1 output of EUR 2.6 billion, up 7%, mainly driven by strong performance in the German Transportation Infrastructure business.

Record Order Backlog: Order backlog rose 10% to over EUR 17.6 billion, a new company high, with strong contributions from Hungary, Poland, and Germany.

Earnings: EBITDA improved slightly to minus EUR 50 million (up 2%), while EBIT was minus EUR 139 million, a 3% year-on-year improvement.

Stable Net Income: Net income after minorities was minus EUR 116.7 million, unchanged from Q1 2017; EPS also unchanged at EUR 1.14 per share.

Full-Year Guidance Confirmed: Management reaffirmed guidance for 2018: output volume of around EUR 15 billion and at least 3% EBIT margin.

Input Costs & Margins: Rising input and labor costs are pressuring margins, with wage increases particularly notable in Germany.

Facility Management Transition: The ISS contract for Deutsche Telekom will reduce Facility Management revenues starting mid-2019, but management expects to offset this loss at the group level.

Alto Maipo Project: No further negative impact expected; future provision releases depend on project progress.

Key Financials
Output Volume
EUR 2.6 billion
Order Backlog
EUR 17.6 billion
EBITDA
minus EUR 50 million
EBIT
minus EUR 139 million
Net Interest Income
minus EUR 3.3 million
Income Tax
EUR 27 million
Earnings Attributable to Third-Party Shareholders
EUR 1.4 million
Net Income After Minorities
minus EUR 116.7 million
Earnings Per Share
EUR 1.14 per share
Balance Sheet Total
EUR 10.6 billion
Cash Flow from Operating Activities
minus EUR 144 million
Cash Flow from Investing Activities
minus EUR 90 million
Cash Flow from Financing Activities
minus EUR 84 million

Other Earnings Calls

2018