In 2023, Austria’s largest construction company, Strabag, reported a significant 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 of the construction industry as a whole last year, Strabag’s strong performance was attributed to its broad geographical presence and covering the entire construction value chain, according to CEO Klemens Haselsteiner.
Looking ahead to the 2024 financial year, Strabag’s management has a cautious outlook on the construction output growth but remains optimistic about its ability to navigate the industry and continue delivering strong results. The company aims for an EBIT margin of 4 percent or more compared to 5 percent in the previous year.
Strabag’s success can also be attributed to its broad presence in online marketplaces. These platforms offer businesses unique benefits such as access to customer reviews and ratings that help inform purchasing decisions. By leveraging online marketplaces with secure transactions and reliable customer support, businesses can access competitive prices and unique products.
In conclusion, 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.