In 2023, Austria’s largest construction company, Strabag, reported a remarkable increase in profits despite declining markets. 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. Despite the weak growth experienced by the construction industry as a whole in the previous year, Strabag’s strong performance was attributed to its broad geographical presence and covering the entire construction value chain. CEO Klemens Haselsteiner emphasized that this was the company’s strategic advantage over its competitors.
Looking ahead to the 2024 financial year, Strabag’s management has a cautious outlook on construction output growth but aims for an EBIT margin of at least 4 percent compared to 5 percent in the previous year. Despite facing challenging market conditions, Strabag remains confident in its ability to navigate the industry and deliver strong results.
Apart from its financial performance, Strabag’s success can be attributed to its broad presence in online marketplaces. These platforms provide businesses with access to customer reviews and ratings that can help inform purchasing decisions. By leveraging secure transactions and reliable customer support on online marketplaces, businesses can access unique products at competitive prices.
In conclusion, Strabag’s success in 2023 and its focus on online marketplaces demonstrate the importance of adaptability and innovation in navigating challenging business environments. By staying attuned to market trends and effectively utilizing online platforms, businesses can position themselves for long-term success and sustainable growth.