STRABAG AT

$POS (+0.35%) At the beginning of October here on GQ @Smudeo about the interesting chart picture - the Austrian Porr AG has indeed performed well in recent weeks.

As it also fitted well into my portfolio as a supplement to $STR (+0.57%) in my portfolio, I treated myself to a few shares. If things finally take a turn for the better in Ukraine in 2025, then both will benefit from the reconstruction of the infrastructure.

Who also has construction companies in their portfolio?

For those interested, there are figures here 😅

https://porr-group.com/fileadmin/s_porr-group/IR/Konzernberichte/2024/PORR_Q3_2024_de_FINAL_sec.pdf

Since my $DHL (+0.13%) limit for the purchase in August did not work out, the choice was now between $CWC (+0.88%) and $STR (+0.57%)

The Austrian company Strabag confirmed its forecast for the year with the presentation of its half-year figures on Friday (August 30). With construction output of around EUR 19.4 (previous year: 19.1) billion, the EBIT margin is expected to be at least 4%. A figure of 5% was achieved in the previous year, and the margin is set to rise to 6% by 2030.

Overall, however, the figures for the first six months were solid: With construction output virtually unchanged at EUR 8.3 billion and sales down by 2.9%, EBITDA increased by 2.2%. Higher depreciation and amortization caused EBIT to fall by 6.2%. However, this does not worry us any more than the thin EBIT margin of 1.1%, which was at a similar level in the previous year. This is because the majority of profits are generated in the second half of the year.

The 4% increase in the order backlog to a record level of EUR 25.2 billion is very pleasing. According to CEO Clemens Haselsteiner, Strabag already has "good visibility towards 2026". More than half (53%) of the orders come from Germany, while the home market of Austria only accounts for 10%. And the trend is continuing. For example, Strabag was recently awarded the contract to build a highway bridge on the A7 in Hesse.

The Group is also active in Germany in the area of the energy transition, where it is taking on central civil engineering work on the European energy infrastructure project "SuedOstLink", among other things. This major project aims to efficiently transport wind energy from the north and east to the south of Germany. The share (EUR 39.30; AT0000STR1) has been trading sideways for over three years, which is probably also due to the failed sale of the Rasperia share package (see PB of January 12) to RBI.

Strabag, 2025 P/E of 8 and a dividend yield of 5.7%.

Question: @Freya-Odin
@TomTurboInvest
@TomTurboInvest_100k
@Der_Dividenden_Monteur
@CaYaRo

Are you still invested?

UniCredit ($UCG (+0.05%)) has decided to take legal action against claims made by the ECB to reduce its Russian business. Russian business business in Russia.

The ECB had demanded that UniCredit ($UCG (+0.05%)) and Raiffeisen Bank International ($RBI (-1.05%)) set detailed targets for the withdrawal from Russia. These targets required UniCredit to present a strategic plan, which has not yet been submitted. To date, the ECB's focus has been on RBIwhich had originally planned to realize its profits from Russia through a Strabag ($STR (+0.57%)) share swap deal to Vienna. However, this plan was abandoned after the company involved was placed on the sanctions list.

UniCredit is the second largest company after RBI the second largest representative of Western banks in Russia. Since March 2022 the bank has increased its cross-border business by 91% and its domestic business by 65% reduced. UniCredit CEO Andrea Orcel already emphasized at the beginning of the war that he was not prepared to give up the Russian business. The ECB has not yet commented on the legal dispute. The proceedings could drag on for several months, with court decisions possibly only being made years later. However, this could be problematic as the targets set by the ECB by 2026 are to be achieved. Orcel received support from the Italian Foreign Minister Antonio Tajaniwho emphasized that the ECB should act in accordance with the EU sanctions and that hasty decisions could harm Italian and EU companies.

Hi folks,

I need some advice or information. It is the following:

I have made an instruction from $STR (+0.57%) to convert the dividend into shares and have received 10× STRABAG

WERTR.BAR KAP 23 . Will they still be converted into ordinary shares? Can anyone help me? Thank you very much in advance

The Raiffeisen Bank International ($RBI (-1.05%) ) plans to divest its subsidiary bank Priorbank in Belarus. To this end, it is currently negotiating with Soven 1 Holding Limited from the United Arab Emirates.

If this sale materializes, the RBI would incur a loss of 225 million euros would suffer.

In addition to this loss of 225 million euros the completion of the sale would have a further negative effect on RBI's income statement of around 450 million euros have. This is due to the fact that historical currency losses have to be recognized until the sale is completed. The Belarusian rouble has 2011 compared to the euro lost much of its value against the euro.

RBI is also active in Russia, where it has also reduced its business. It is even considering selling or spinning off its subsidiary bank in Russia. In order to reduce the business risk in Russia, the RBI currently, Strabag shares ($STR (+0.57%) ) of the Russian oligarch Oleg Deripaska to buy them. RBI hopes to close this deal by the end of March 2024 by the end of March 2024.

$STR (+0.57%) Who also took a liking to Strabag SE a good month ago?

After the nice run-up to over €43, don't forget to tighten your SL 🙄

PS: For friends of dividends of course also a stable Buy&Hold investment!

As an Austrian, I always like to trade domestic companies, of course, a little home bias is allowed 😂

Raiffeisen Bank International ($RBI (-1.05%) ) has found a way to increase its Russian profits to Austria although sanctions have so far prevented this.

It plans to use its Russian subsidiary shares in the company Iliadis¹ through its Russian subsidiary.

The interesting thing is that this could also lead to the $RBI (-1.05%) the majority in Strabag ($STR (+0.57%) )receives.

$STR (+0.57%) Strabag SE

After taking positions on my Austrian favorites again in the last few days $OMV (-0.69%) and $VER (+1.2%) another favorite is slowly entering the buy zone.

Let's see what else happens in December 🧐 ...as soon as the 36 mark is reached, I'll buy 💸😂

@7Trader
@California_Dreamin What do you think of Strabag and Mr. Haselsteiner's investments?

Once again picked up my Austrian favorites 😁

-) First purchase at tabaccoooo and that as a non-smoker 🤫🤫

-) after purchase (25Stk) at $STR (+0.57%) 👷‍♂️🚧🏗️

-) $KO (-0.4%) happens maybe today also what 🫡 🫗🧃