Strabag’s local order backlog stood at EUR372 million in the first quarter of 2011 and at EUR573 million at the end of last year, the company said in its financial report Thursday.
Its number of employees reached about 1,400 in the analyzed interval, from 1,160 in March 2011 and 1,300 at the end of last year.
Romanian national roads authority CNADNR said in April Strabag filed bids in partnership with other constructors for an auction to upgrade a national road. Contracts for the three sections of the road are estimated at about 275 million lei (EUR61.6 million), VAT excluded.
Strabag registered losses of EUR150.6 million in the first quarter, up 28% from EUR117.5 million in the same interval a year ago. The group’s order backlog increased 3% in the analyzed period to EUR15.7 billion, a new record for the Austrian constructor.
The value of works performed in the first quarter fell by 2% to EUR2.26 billion, while revenues dropped 1% to EUR2.2 billion.
Strabag is one of the largest constructors in Central and Eastern Europe. It is present in Romania since 1991 through several firms: Strabag Romania, ARL Cluj, Carb Brasov and Drumco Timisoara. (EUR1=RON4.4652)