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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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25.07.2012
Based on new information, the Management Board of the publicly listed
construction company STRABAG SE expects that the earnings before interest and
taxes (EBIT) target of EUR 300 million, which had been indicated as being "more
than ambitious", could be reached only by about two thirds.
Reasons are, among others: the delays of public authorities in Central and
Eastern Europe in dealing with claims, especially in Poland, the cautious
valuation of some construction projects and the ruinous price war in the raw
materials business.
end of announcement euro adhoc
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(END) Dow Jones Newswires
July 25, 2012 10:04 ET (14:04 GMT)