Strabag Posts 9-Month Loss

Strabag SE STAGF posted a loss in the first nine months of the year. Strabag posted an after-tax loss of EUR42.2 million, versus a year-ago profit of EUR145.1 million. Its EBIT declined to EUR1.71 million, from EUR207.6 million. Strabag's sales for the period dropped 4% to EUR9.29 billion, while earnings before interest, taxes, depreciation and amortization dropped to EUR277.3 million from EUR478.1 million.