Strabag UK suffers further big trading loss

The UK arm of Austria construction giant Strabag suffered a third year of losses as the firm continued to gear up for a long term presence in the UK.
While the contractor has worked in the UK on HS2 since securing work in 2017 it set up Strabag UK in 2020 to become its main operating business here.
Last year the firm reported operating losses of £17m, after falling £22m into the red in 2022 and £2m the year before that.
Revenue almost doubled last year to £135m as its Har