Despite declining markets, Austria’s largest construction company, Strabag, reported a significant increase in profits in 2023. The consolidated result rose by a third to 630.5 million euros, and earnings before interest and taxes (EBIT) increased by a quarter to 880.2 million euros. This strong performance was attributed to Strabag’s broad geographical presence and its ability to cover the entire construction value chain, according to CEO Klemens Haselsteiner.
Looking ahead to the 2024 financial year, Strabag’s management has a cautious outlook, with construction output expected to grow only slightly. The company aims for an EBIT margin of 4 percent or more, compared to 5 percent in the previous year. Despite the challenging market conditions, Strabag remains confident in its ability to navigate the construction industry and continue delivering strong results.
In addition to its financial success, Strabag’s broad presence in online marketplaces has also played a significant role in its growth. These platforms offer businesses access to customer reviews and ratings that can help inform purchasing decisions. By leveraging online marketplaces with secure transactions and reliable customer support, businesses can access unique products and competitive prices.
Overall, Strabag’s success in 2023 and its strategic focus on online marketplaces highlight the importance of adaptability and innovation in navigating challenging business environments. By staying attuned to market trends and leveraging online platforms effectively, businesses can position themselves for long-term success and sustainable growth.
