Austrian builder Strabag misses expectations, reiterates outlook

Newswire

VIENNA, Nov 29 (Reuters) - Austrian builder Strabag reported a 3 percent decline in third-quarter output on Friday as the European construction market worsened and price competition intensified. Strabag, which had a tough first half because of flooding in central Europe, said output was 3.97 billion euros ($5.40 billion), missing the average estimate of 4.16 billion euros in a Reuters poll. The company said it expected full-year output to "nearly" reach last ...

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