EANS-Adhoc: STRABAG SE PUBLISHES PRELIMINARY FIGURES FOR THE 2008 FINANCIAL YEAR - PRINCIPLE OF SECURITY BEFORE SHORT-TERM SUCCESS

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C.E.O. Interviews

07.04.2009

? 28 % increase in output to EUR 13.7 billion
? Order backlog up 23 % to EUR 13.3 billion
? 9 % plus in EBITDA to EUR 648 million
? EBIT down 14 % to EUR 270 million
? Equity ratio remains strong and above industry average at 30.5 %
? Liquidity remains high at EUR 1.5 billion

Vienna, 7 April 2009 The publicly listed construction company
STRABAG SE today presented its preliminary figures for the 2008
financial year. The output volume grew by 28 % to EUR 13.7 billion in
the year under report, generating a record EBITDA of EUR 648 million
(+9 %).

The EBIT was down by 14 % to EUR 270 million because of higher
depreciation and amortisation charges related to acquisitions and
expenditures and due to extraordinary charges (thereof approx. EUR 25
million for impairment on goodwill).

Also affecting earnings were write-downs on accounts receivables in
Eastern European countries, such as Serbia and Montenegro, necessary
in response to a higher default and currency risk. Another area
affect the devaluation of securities and exchange rate losses
involving Eastern European currencies. In the direct export business,
the group made further provisions for large-scale projects outside of
Europe, for example in Asia and the Middle East.

Despite the strong acquisition activity, equity and liquidity could
be kept at a satisfactorily high level. EUR 560 million were spent on
enterprise acquisitions in 2008.

STRABAG CEO Hans Peter Haselsteiner: "The financial crisis has become
dramatically worse since the beginning of the year. As a
long-term-oriented management team, we see it as our duty to draw up
our financial statements with the corresponding provisions. The fact
that we were able to grow the EBITDA shows that we worked well at the
operating level. For me, security comes first during these times. For
this reason, I am also very satisfied with our equity ratio of over
30 % and our liquidity of EUR 1.5 billion."

The figures remain preliminary and are pending approval by the
supervisory board on 27 April 2009.

For 2009, Haselsteiner declared today that business is going
"satisfactorily" thanks to the high order backlog. One of the big
question marks, he said, remains the payment ethic of the clients. As
the construction season is just beginning, it is still too early for
an analysis. "But we are keeping this matter firmly in our focus," he
said. Haselsteiner declined to give more detailed guidance for the
year at this time.

end of announcement euro adhoc
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ots Originaltext: STRABAG SE
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

STRABAG SE

Dr. Christian Ebner

Konzernsprecher

Tel: +43-1-22422-1121

christian.ebner@strabag.com

Branche: Construction & Property
ISIN: AT000000STR1
WKN:
Index: WBI, ATX Prime, ATX, SATX
Börsen: Wiener Börse AG / official market