Press Release Investor Information

STRABAG to rebuild football stadium in Hungary for € 40 million

Facts & Figures

STRABAG UNIT:

DIR HP (Hungary Building Construction)

CONTRACT VALUE:

~ € 40 million

STRABAG SHARE: 86 %

ORDER BACKLOG: Q4/16

CLIENT:

City of Székesfehérvár

Contact

STRABAG SE

Diana Neumüller-Klein

Head of Corporate Communications

& Investor Relations Tel. +43 1 22422-1116

diana.klein@strabag.com

  • Rebuilding of Sóstó Stadium in Székesfehérvár, 70 km from Budapest
  • Demolition of old stadium already finished
  • Completion: late 2017

Budapest, 22 December 2016 The Hungarian unit of publicly listed STRABAG SE has been awarded the contract by the City of Székesfehérvár, 70 km from Budapest, to rebuild the Sóstó football stadium. The demolition of the old stadium, also carried out by STRABAG, was concluded in the middle of the year. The approx.

€ 40 million project is scheduled for completion in late 2017.

"The Hungarian market is one of our most important core markets. While 2015 was a very successful year for the construction industry, this was followed by a decline in investment volumes and construction activity in 2016. This contract, along with other orders such as the modernisation of the railway line between Budapest and Esztergom, gives us cause to be optimistic for the future," explains Thomas Birtel, CEO of STRABAG SE. The stadium will have a capacity to seat more than 14,000 spectators around a pitch measuring 23,012 m². Sóstó Stadium will meet UEFA Category 4 classification.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allow us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.

The STRABAG Group has been operating in Hungary since 1989. In 2015, the 2,700 employees in the country generated an output volume of nearly € 600 million. More information about STRABAG in Hungary is available at www.strabag.hu.

Image:

The new Sóstó football stadium will meet UEFA Category 4 classification. Image credits: City of Székesfehérvár

Strabag SE published this content on 22 December 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 December 2016 10:38:14 UTC.

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