STRABAG SE
News and overview for STRABAG SE
UK Hedge Fund Laxey: Did Not Incur Loss On Implenia Stake
Wall Street Journal, The | 10 days 19 hours 20 minutes ago
ZURICH (Dow Jones)--U.K.-based hedge fund Laxey Partners Ltd. said Saturday it didn't incur a loss from selling down its 50% stake in Implenia AG (IMPN.EB) despite a drop in the Swiss construction firm's stock.
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Company Overview
| Company: | STRABAG SE |
|---|---|
| Industry: | Commercial & Heavy Construction |
| Website: | http://www.strabag.com |
STRABAG has built itself up as one of Europe's largest construction groups. It provides a full range of services from financing to project management in activities including road construction, building construction, tunneling, and civil engineering. STRABAG also produces much of its own cement, asphalt, and other building materials. Primarily active in Germany and Austria, it also operates in Eastern and Southeast Europe (Russia is a strategic focal area for growth) and in markets in Western Europe, Asia, and North and South America. STRABAG's main brands are Strabag, Dywidag, Heilit+Woerner, Möbius, and Züblin. Projects include a major Hungarian motorway, mass transit systems in Austria, and a power plant in Turkey.
Key Numbers
| Sales in U.S. Dollars (mil.) | 17,235.1 (2008) |
|---|---|
| One-year % Growth in Sales | 18.5 (2008) |
| Net Income in U.S. Dollars (mil.) | 234.5 (2008) |
| One-year % Growth in Net Income | -23.3 (2008) |
| Number of Employees | 73,008 (2008) |
| One-year % Growth in Number of Employees | 19.4 (2008) |
| Fiscal Year-End | December |