02.05.2021 Strabag: Strabag SE, the publicly listed construction group, recorded a decline in output volume in the 2020 financial year, based on the high order backlog, however, the company is cautiously optimistic about the future. At Euro 15.4 bn, the output volume was 7 % below the record level from 2019. The consolidated group revenue amounted to Euro 14.7 bn, which corresponds to a decline of 6 %. The earnings before interest and taxes (EBIT) increased by 5 % to Euro 630.65 mn, which corresponds to an EBIT margin of 4.3 % after 3.8 % in 2019. The net income after minorities for 2020 thus stood at € 395.22 million – an increase of 6 %. The company aims to pay out a dividend of Euro 1.90 a share – what would be the highest since IPO. CEO Thomas Birtel: “A definitive end to the pandemic is not yet in sight, but from today’s perspective we can say that our strategy and our business model have proven their worth. We therefore expect a slight increase in output in 2021, although the EBIT margin, our most important financial indicator, is likely to return to normal – especially given the currently observable price increases for construction materials.” The company expects to achieve an output volume slightly above the previous year’s level in the 2021 financial year. This forecast is supported by the high order backlog. Following the extraordinary earnings situation in the past financial year, the situation should return to normal in 2021 with an EBIT margin of below 4.0 %.