EANS-News: Strabag increases stake in A8 motorway operator Pansuevia from 50 percent to 100 percent - IMAGE / ATTACHMENT CNE

Monday, 01. October 2018 13:31
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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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* PANSUEVIA operates German motorway section between Ulm and Augsburg
* Necessary full consolidation leads to increase of previous stake - positive
balance sheet one-off

Contracts

Jettingen-Scheppach/Vienna/Essen - STRABAG, the European-based technology group
for construction services, has acquired the 50 % stake in PANSUEVIA that had
been held by HOCHTIEF, making it the 100 % owner of the concession company
operating the Ulm-Augsburg section of the A8 motorway in Germany. The closing of
the transaction took place last Friday. Both parties have agreed not to disclose
the purchase price.

The approximately 58 km long section of the A8 between Ulm and Augsburg, which
had been partially extended, was opened to traffic on schedule in September 2015
after slightly more than four years of construction. PANSUEVIA had designed,
financed and carried out the widening of the section to six lanes and took over
the maintenance and operation of the section for a period of 30 years.
Construction was carried out by a joint venture consisting of STRABAG
Großprojekte GmbH, HOCHTIEF Infrastruktur GmbH and Ed. Züblin AG. The
refinancing was concluded successfully in June 2016.

Outlook confirmed

As a consequence of the now necessary full consolidation of PANSUEVIA by
STRABAG, the International Financial Reporting Standards (IFRS) require the
previous 50 % interest to be revalued through profit or loss ("step-up"). The
result is a positive non-operating balance sheet one-off in the mid-range
double-digit million euro area to be presented in the earnings before interest
and taxes (EBIT) in the consolidated financial statements of STRABAG SE.

In this context, STRABAG confirms its forecast of an EBIT margin of at least 3 %
from the operating business for the 2018 financial year. This forecast does not
include the non-recurring margin increase resulting from the abovementioned non-
operating step-up profit in 2018.

Further inquiry note:
STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel:   +43 1 22422-1116
diana.klein@strabag.com

end of announcement                         euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10215825/1/STRABAG_SE_A8_Okt2018_e.pdf

Pictures with Announcement:
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http://resources.euroadhoc.com/images/2246/5/10215825/BAB_A8.JPG

issuer:       STRABAG SE
              Donau-City-Straße  9
              A-1220 Wien
phone:        +43 1 22422 -0
FAX:          +43 1 22422 - 1177
mail:         investor.relations@strabag.com
WWW:          www.strabag.com
ISIN:         AT000000STR1, AT0000A05HY9
indexes:      ATX, SATX, WBI
stockmarkets: Wien
language:     English

EAX0003    2018-10-01/13:31

Related Links: STRABAG SE
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