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Applications of Solmax’s Geosynthetic Drainage Design Tool: Drainage Geonets & Geocomposites in Solid Waste Containment Facilities

OMV plans to sell a stake of up to 49% in Gas Connect Austria

  • Intended divestment of minority stake in Gas Connect Austria will strengthen OMV´s cash flow and balance sheet
  • Important step towards Downstream Gas portfolio optimization

OMV, the integrated, international oil and gas company, has announced its intention to sell a stake of up to 49% in its wholly owned subsidiary Gas Connect Austria (GCA), a company that operates and constructs natural gas high-pressure pipelines in Austria.

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Strabag SE lowers Winter Loss in the first Quarter

The publicly listed construction group Strabag SE has lowered the winter loss characteristic for the construction industry in the first quarter 2015: The earnings before interest, taxes, depreciation and amortisation (EBITDA) as well as earnings before interest and taxes (EBIT) improved by 5 % and 3 % respectively; the net income after minorities stood at € -116.47 million, 12 % less deeply in negative territory.

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Strabag SE 2014 with higher Earnings

  • EBIT +8 % to € 282 million, earnings per share +13 % to € 1.25
  • Cash flow from operating activities increased by 16 %
  • Dividend of € 0.50 to be proposed (+11 %)
  • Outlook 2015 reiterated: still EBIT of at least € 300 million expected
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Strabag SE announces first Figures for 2014 and an Outlook for 2015

The publicly listed European technology group for construction services Strabag SE today announced its first figures for the 2014 financial year and issued an outlook for 2015.

"Just as expected, the output volume remained stable at a high level of € 13.6 billion. Although we still do not expect any large investment increases in the transportation infrastructures segment in our home market of Germany in 2015, our broad diversification by region and segment should allow us to raise the output volume to about € 14.0 billion this year. The high order backlog of € 14.4 billion supports this target. We also believe that the efforts which we have made so far to further improve the risk management and to lower costs will be reflected in the earnings in 2015. We therefore expect an EBIT of at least € 300 million, compared to the at least € 260 million that most probably we will be able to report for 2014”, says Thomas Birtel, CEO of Strabag SE.

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