Vienna-based Strabag reported output volume of nearly €2,257 million in the first quarter of 2016 financial year, a decline of 9%.
However, Q1 EBITDA (earnings before interest, taxes, depreciation and amortisation) improved by 13% to €-57.71 million.
The order backlog also decreased on the year, coming to rest at €13,976.62 million on 31 March 2016 – an 8% decline versus the first quarter of 2015.
The number of employees fell by 3% to 68,808. This reduction took place almost entirely among blue-col