Glossary
AFRAC | Austrian Financial Reporting Advisory Committee |
AI | Artificial intelligence |
AktG | Austrian Stock Corporation Act (Aktiengesetz) |
APAG | Austrian Audit Oversight Act |
ATX | Austrian Traded Index; the index of leading shares of the Vienna Stock Exchange (Wiener Börse) |
BCMS | Business Compliance Management System |
BIM | Building Information Modelling |
BIO | Protection and restoration of biodiversity and ecosystems |
BNB | Assessment System for Sustainable Building (Bewertungssystem Nachhaltiges Bauen) |
Book value per share | Ratio of the book value of equity divided by the number of outstanding shares |
BREEAM | Building Research Establishment Environmental Assessment Methodology; a rating system for environmental and social-cultural aspects of sustainable building |
BRVZ | Bau- Rechen- und Verwaltungszentrum = STRABAG entity providing intercompany services in IT and administration |
BWB | Austrian Federal Competition Authority (Bundeswettbewerbsbehörde) |
CAD | Computer-aided design |
CAGR | Compound annual growth rate |
CapEx | Capital expenditure, investments; acquisition of financial assets + acquisition of intangible assets as well as property, plant and equipment + changes to the scope of consolidation |
Capital employed | Total of group equity + interest-bearing debt |
Carbon footprint | Measure of carbon emissions caused by an activity |
Cash flow | Cash and cash equivalents being received and spent |
CCA | Climate change adaption |
CCM | Climate change mitigation |
CDP | Carbon Disclosure Project, a global framework for investors, companies, cities, states and regions to measure and disclose their environmental impact |
CE | Circular economy |
CEE | Central and Eastern Europe (Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia) |
CEO | Chief Executive Officer |
CEST | Central European Summer Time |
CET | Central European Time |
CFO | Chief Financial Officer |
CGU | Cash Generating Units |
CML | Contract Management & Legal Service |
CO2 | Carbon dioxide (greenhouse gas) |
CO2e | CO2 equivalent; unit of measurement used to compare the global warming potential of different greenhouse gases |
Code of Conduct | Guidelines which reflect the company’s policy; compliance is mandatory for all employees, directors and officers |
Compliance | Abidance with applicable laws and relevant regulations |
Construction value chain | The individual steps and actions required to create a product or deliver a service in the construction industry |
Corporate Governance | A code of conduct for publicly listed companies; corporate governance comprises all guidelines which maximise transparency and control in order to avoid conflicts of interest |
COSO | Committee of Sponsoring Organizations of the Treadway Commission |
COVID-19 | Corona Virus Disease 2019 |
CPS | Common project standards |
CSD | Central Staff Division |
CSRD | Corporate Sustainability Reporting Directive |
CTD | Central Technical Division |
DCF method | Discounted cash flow method |
DGNB | German Society for Sustainable Construction (Deutsche Gesellschaft für Nachhaltiges Bauen e.V.) |
Directors’ dealings | Transactions with company securities by company directors or officers |
Dividend yield | Ratio of dividend to price per share at year’s end in % |
DNSH criteria | Do No Significant Harm criteria |
Due diligence | Investigation and analysis carried out with reasonable care |
Earnings per share | Net income after minorities divided by the weighted average number of shares |
EBIT | Earnings before interest and taxes |
EBIT margin | Ratio of EBIT to revenue in % |
EBITDA | Earnings before interest, taxes, depreciation and amortisation |
EBITDA margin | Ratio of EBITDA to revenue in % |
EC-19 | 19 Euroconstruct countries |
ECB | European Central Bank |
EcoVadis | Ratings agency with a special focus on ESG and sustainable supplier management |
EDI | Equality, Diversity and Inclusion |
EECFA | Eastern European Construction Forecasting Association |
EMAS | Eco-Management and Audit Scheme |
Equity method | Method of consolidation of shares in associated companies and joint ventures; mostly companies in which STRABAG holds a stake between 20 % and 50 % |
Equity ratio | Ratio of book value of equity to balance sheet total |
ERP systems | Enterprise Resource Planning |
ESG | Environmental, social and governance |
ESRS | European Sustainability Reporting Standards |
FAQ | Frequently Asked Questions |
Four-eyes principle | Principle according to which an activity is carried out and monitored by different persons |
FTE | Full-time equivalents |
GD | Generative design |
GDP | Gross Domestic Product |
Gearing ratio | Net debt divided by total group equity |
GHG | Greenhouse gases |
GIS | Geographic Information System |
GRI | Global Reporting Initiative |
HRD | Human Resource Development |
HSE | Health, safety, environment |
IAS | International Accounting Standards |
IASB | International Accounting Standards Board, issues the IFRS |
ICS | Internal control system |
IDW | Institute of Public Auditors in Germany (Institut der Wirtschaftsprüfer in Deutschland e.V.) |
IFRIC | International Financial Reporting Interpretations Committee |
IFRS | Financial reporting standards and interpretations adopted by the International Accounting Standards Board (IASB) |
IoT | Internet of Things |
IQM | Integrated Quality Management |
ISIN | International Securities Identification Number |
ISO | International Organization for Standardization |
ISO 14001 | International standard designed to help organisations establish environmental management systems |
ISO 31000 | International standard designed to help organisations set up a risk management system |
ISO 37001 | International standard designed to help organisations implement and maintain anti-bribery management systems |
ISO 37301 | International standard designed to help organisations implement and maintain compliance management systems |
ISO 45001 | International standard designed to help organisations maintain occupational health and safety management systems |
ISO 50001 | International standard designed to help organisations establish energy management systems |
KPI | Key performance indicator |
kWp | Kilowatt peak |
LEED | Leadership in Energy and Environmental Design |
M&A | Mergers and acquisitions |
MSCI | Morgan Stanley Capital International |
NaDiVeG | Sustainability and Diversity Improvement Act (Nachhaltigkeits- und Diversitätsverbesserungsgesetz) |
Net debt | Financial liabilities - non-recourse debt + severance and pension provisions - cash and cash equivalents; called net cash in case of negative result |
NFI | Non-financial information |
NOX | Nitrogen oxides |
ÖCGK | Austrian Corporate Governance Code (Österreichischer Corporate Governance Kodex) |
ODS | Ozone-depleting substances |
OECD | Organisation for Economic Co-operation and Development |
ÖGNI | Austrian Sustainable Building Council (Österreichische Gesellschaft für Nachhaltige Immobilienwirtschaft) |
OpEx | Operating expenses |
Order backlog | Future revenues from contracts signed to a specific date less work already accomplished |
P&C DEV | People & Culture Development |
p. a. | Per annum (per year) |
P/E ratio | Price-earnings ratio |
Payout ratio | Ratio of dividends to earnings per share in % |
PMH | Project Management Hub; digital tool to support construction site management |
PPC | Pollution Prevention and Control |
PPP | Public-Private Partnership; project which is funded and operated through a partnership of private investors and public-sector institutions |
Risk management | An approach to recognise potential risks to the company and develop strategies to manage these risks |
RMS | Risk Management System |
ROCE | Return on Capital Employed; (net income + interest on debt - interest tax shield (25 %))/(average group equity + interest-bearing debt) |
S&P | Standard & Poor’s |
SAM | Smart Asset Manager; planning and billing software |
SCC | Safety Certificate Contractors |
SDG | Sustainable Development Goals |
SE | Societas Europaea = a public company in the European Union and the European Economic Area registered in accordance with EU corporate law |
SID | STRABAG Innovation & Digitalisation |
SOX | Sulphur oxides |
SPS | Strategic Procurement Solution |
SSO | Smart Site One; digital software for road construction |
STF hazards | Slips, trips and falls |
Sureties | Bank guarantees or surety bonds |
Sustainalytics | ESG risk ratings |
Task force | A unit temporarily established to work on a single defined activity |
TPA | STRABAG entity for quality assurance and innovation |
UGB | Austrian Commercial Code (Unternehmensgesetzbuch) |
UN | United Nations |
UNGC | United Nations Global Compact |
WBI | Vienna Stock Exchange Share Index (Wiener Börse Index), made up of all companies listed on the Vienna Stock Exchange |
WELL | WELL Building Standard |
WHM | Workplace Health Management |
WHO | World Health Organization |
WTR | Sustainable use and protection of water and marine resources |