Decrease by ten percent
From today’s point of view, Strabag management expects output to decrease by around 10 percent and a “slightly weakened result” for the current financial year. For 2020, however, “still no reliable assessment” of the effects of the coronavirus crisis on earnings and thus on the targeted EBIT margin can be given, the board also said.
The Strabag core shareholders, who are connected in a syndicate, Raiffeisen/UNIQA, Rasperia Trading all around the Russian billionaire Oleg Deripaska as well as the Haselsteiner Group.
November evaluation
Until November 25, 2020 the Strabag a confirmation from the Linz auditing and tax consulting company KPMG Austria catch up. This is intended to assess the total amount of liquid funds plus contractually committed but not used loans as of October 31, 2020.
Then it is announced whether the above condition is met. If the condition precedent does not occur, the decision will also apply to the decision dividend Part of the balance sheet profit to be carried forward to new account.
–
