EQS-News: STRABAG SE / Key word(s): Preliminary Results
STRABAG SE starts new financial year with record order backlog
13.02.2025 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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STRABAG SE starts new financial year with record order backlog
• Output volume at € 19.2 billion, slightly above previous year
• Record order backlog of € 25.4 billion (+8% vs. 2023)
• Outlook for 2025: output expected to grow to around € 21 billion, EBIT
margin target raised to ≥ 4.5%
STRABAG SE 2024 2023 % 2023–2024
Output volume 19,238.80 19,139.14 1%
Order backlog 25,362.47 23,466.13 8%
Employees (FTE) 78,174 77,136 1%
NORTH + WEST 2024 2023 % 2023–2024
Output volume 8,239.86 8,216.66 0%
Order backlog 12,088.14 11,207.13 8%
Employees (FTE) 22,392 22,136 1%
SOUTH + EAST 2024 2023 % 2023–2024
Output volume 7,502.30 7,741.90 -3%
Order backlog 7,738.49 7,074.25 9%
Employees (FTE) 26,852 27,057 -1%
INTERNATIONAL +
SPECIAL DIVISIONS 2024 2023 % 2023–2024
Output volume 3,268.68 2,957.27 11%
Order backlog 5,505.02 5,159.42 7%
Employees (FTE) 21,255 20,360 4%
OTHER 2024 2023 % 2023–2024
Output volume 227.96 223.31 2%
Order backlog 30.82 25.33 22%
Employees (FTE) 7,675 7,583 1%
STRABAG SE, the publicly listed European technology group for construction
services, today announced its initial figures for the 2024 financial year
and issued an outlook for 2025. “2024 was a very successful year for
STRABAG financially. We were able to maintain output at a stable level
while expanding the order backlog to a new record high. As already
announced on 27 January 2025, we also expect to have achieved an
exceptionally high EBIT margin of close to 6% in 2024,” said Christian
Harder, CFO of STRABAG SE.
Output volume
The STRABAG SE Group generated an output volume of € 19,238.80 million in
the 2024 financial year, representing a slight increase of 1% or € 100
million. Strong growth was recorded in Poland and in the infrastructure
and building solutions business in Germany. Significant output gains were
also achieved in Italy and the Middle East. In Austria and Hungary, output
volume declined as expected.
Order backlog
After exceeding the € 25 billion mark for the first time in the first half
of the year, the order backlog was increased further to € 25,362.47
million by the end of 2024, which corresponds to an increase of € 1.9
billion or 8% compared to the previous year. The order backlog in Germany
rose particularly sharply, especially in infrastructure and civil
engineering. Significant increases were also recorded in Poland, Austria,
Slovakia and Romania. Encouragingly, the first signs of a turnaround in
residential construction in Austria were confirmed in the fourth quarter
of 2024. In the United Kingdom, the order backlog has been on the decline
as major projects are being worked off.
The most significant additions to the order backlog in Germany include
network expansion projects for the energy transition worth more than € 1.1
billion, the general overhaul of the Hamburg–Berlin railway line and the
replacement of the Kriegenbrunn shipping lock in Bavaria. In Slovakia,
STRABAG was awarded the contract for the conversion and expansion of the
F.D. Roosevelt Clinic, and in the Czech Republic for the construction of
the new headquarters of the local subsidiary of Erste Group, which will be
realised to the highest sustainability standards. Internationally,
contracts were acquired for a rapid transit line in Toronto and for the
construction of a residential district in Abu Dhabi, among other things.
EBIT margin
An EBIT margin close to 6% is expected for the 2024 financial year (2023:
5.0%), which is significantly higher than originally forecast. These
expectations are due to positive earnings effects in the North + West
segment and – compared to the previous year – lower negative impacts on
earnings in the volatile international project business.
Employees
The average number of employees in the 2024 financial year stood at 78,174
FTEs, a slight increase of 1% compared to the previous year. In line with
the output growth, and due to acquisitions in the building solutions
business to expand the depth of value creation in M&E and energy
management, the largest increases were recorded in Germany and the Benelux
region. The changes in the other countries roughly balanced each other
out.
Outlook 2025
The Management Board expects a significant increase in output volume to
approximately € 21 billion in the 2025 financial year. This forecast is
based on the high order backlog and on the expected contributions from
recent acquisitions. An increase in output volume is forecast for all
operating segments in 2025.
While several positive earnings effects coincided in 2024, the EBIT margin
is expected to normalise again in 2025. In light of the first tangible
effects of the Group Strategy, the Management Board is raising the EBIT
margin target for 2025 to ≥ 4.5%.
Net investments (cash flow from investing activities) are not expected to
exceed € 1,100 million in 2025. The increase compared to the previous year
is mainly due to planned acquisitions as part of STRABAG’s Strategy 2030.
Further figures and details as to the 2024 financial year will be
published on 28 April 2025 at 7:00 a.m. (CEST) at www.strabag.com.
STRABAG SE is a European-based technology group for construction services,
a leader in innovation and financial strength. Our activities span all
areas of the construction industry and cover the entire construction value
chain. We create added value for our clients by taking an end-to-end view
of construction over the entire life cycle – from planning and design to
construction, operation and facility management to redevelopment or
demolition. In all of our work, we accept responsibility for people and
the environment: We are shaping the future of construction and are making
significant investments in our portfolio of more than 250 innovation and
400 sustainability projects. Through the hard work and dedication of our
approximately 86,000 employees, we generate an annual output volume of
around € 19 billion.
Our dense network of subsidiaries in various European countries and on
other continents extends our area of operation far beyond the borders of
Austria and Germany. Working together with strong partners, we are
pursuing a clear goal: to design, build and operate construction projects
in a way that protects the climate and conserves resources. More
information is available at www.strabag.com.
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13.02.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: STRABAG SE
Donau-City-Straße 9
1220 Vienna
Austria
Phone: +43 1 22422 – 1089
Fax: +43 1 22422 - 1177
E-mail: investor.relations@strabag.com
Internet: www.strabag.com
ISIN: AT000000STR1
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2085555
End of News EQS News Service
2085555 13.02.2025 CET/CEST
