Strabag EBIT Rises 26%
News: Austrian construction company Strabag registered a 26% year-on-year (y-o-y) rise in EBIT to EUR261.58mn (USD362.86mn) in 2013, compared with EUR207.19mn (USD287.41mn) in 2012. Net income after minorities grew 87% y-o-y to EUR113.56mn (USD157.53mn). The company saw a 3% y-o-y decline in output volume to EUR13.6bn (USD18.86bn) in 2013, compared with an output volume of EUR14bn (USD19.42bn) in 2012. Strabag experienced a drop in output from Poland, Canada, Benelux and Romania, which was offset by growth in output from Hungary, Austria and Africa.