Strabag jumps after lifting FY outlook on strong H1
BUZZ-Strabag jumps after lifting FY outlook on strong H1 ** Shares in Strabag STRV.VI rise 5% in early Frankfurt trade after the Austrian construction company upgraded its FY guidance following strong H1 results
** Strabag now expects output volume of €23 billion ($26.8 billion) vs €22 billion previously and EBIT margin between 5.5%-6% vs 5%-5.5% before
** "H1 confirms very strong operational momentum, record order visibility and further margin upside," Metzler says
** Its H1 order backlog rises 27% to €36 billion, with largest increases in Germany, the Americas, Australia and Austria, while H1 EBIT jumps 35% to €174.43 million
** The stock tops Austrian index .ATX
($1 = 0.8587 euros)
(Reporting by Amir Orusov)
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