According to Strabag’s annual report, the evolution of the company’s businesses in Romania is due to several large infrastructure projects, which have already been completed, and to obtaining new construction contracts.
Strabag’s local order backlog fell 43% to EUR326 million last year, from EUR573 million in 2011.
Romania’s constructions market inched up only 0.3% in 2012, given that the sector of private residential developments continued to be impacted by poor demand, which led to a 10% decline, the report also reads. The building constructions sector, which holds the smallest share in Strabag’s activity on the Romanian market, saw a slight decrease in 2012, but a modest rebound is expected in 2013 and 2014.
Strabag had 1,570 employees in Romania at the end of last year, up 21% from 2011.
Mid-April 2013, a consortium made up of Strabag (Austria) and ED Zublin (Germany) won an auction to build scientific research center Extreme Light Infrastructure – Nuclear Physics (ELI-NP) in the southern town of Magurele for 286.3 million lei (EUR65.5 million), VAT excluded.
At group level, Strabag reported net profit of EUR60.6 million last year, down 70% from EUR195 million in 2011. The group’s order backlog fell 1% in the mentioned interval, to EUR13.2 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.