For full-year 2008, we anticipate growth in output volume to more than €10 billion and a further significant increase in earnings. The sale of Razel, which is expected to take effect in December, will result in a capital gain of €90 million. As reported, we also intend to establish a risk provision for the construction business. In total, we expect EBITA to surpass the originally projected amount of €260 million and to reach slightly over €300 million (9M 2007: €242 million). In terms of net profit in the full year,we anticipate a rise to more
than the €140 million forecast, reaching approximately €185 million (9M 2007: €134 million). The return on capital employed will also be above the prior year figure of 18.7% and will once again significantly exceed the cost of capital of 10.5%.
From 2009, in the Civil business segment, we want to achieve an EBITA margin of 2.5-3%, in the Building and Industrial business segment we have set a goal of 1.5-2% and in the services business we want to achieve a sustained EBITA margin of over 5%. Furthermore, we want to invest in high-yield privately financed concession projects in the future, too.
Our shareholders will participate in the Company’s growing success through an attractive dividend distribution. With a return on capital employed above our cost of capital, we want to once again create substantial value added also in the future.