The group accounts for the decline by the tight funding conditions for construction projects, which generate fierce competition for the few existent contracts, putting pressure on profit margins.
On the other hand, Strabag’s outlooks for the following period are more bullish, considering the group’s order portfolio in Romania widened by 26% in the first six months of the year against 1H, 2013, to EUR471.6 million.
The Austrian group ended 1H with 1,316 employees, 15% fewer against the same period of 2013.
Strabag was the biggest builder on the Romanian market last year by revenue. The group reached EUR322 million in revenue in Romania, which generated just 2% of the group’s global revenue in 2013, though.
While it carries out a series of private projects, works Strabag operates in Romania are largely related to infrastructure.
(English version by Catalina Apostoiu)