EQS News: STRABAG SE / Key word(s): Preliminary results STRABAG SE: New performance record, EBIT margin close to 5% expected 02/15/2024 / 07:00 CET/CEST The issuer/publisher is responsible for the content of the announcement. ═════════════════════════════════════════ ═════════ ════════════════════════ STRABAG SE: New performance record, EBIT margin close to 5% expected • Performance at a record level of € 19.1 billion (+ 8% vs. 2022) • Order backlog almost stable at €23.5 billion • Outlook 2024: Output around €19.4 billion, EBIT margin ≥ 4% STRABAG SE 2023 2022% 2022–2023 Output 19,139.14 17,735 .47 8% Order backlog 23,466.13 23,738.84 -1% Number of employees (FTE) 77,136 73,740 5% NORTH + WEST^1) 2023 2022 % 2022–2023 Performance 8,216.66 7,865.46 4% Order backlog 11,207.13 10 .337.38 8% Number of employees (FTE) 22,136 21,683 2% SOUTH + EAST^1) 2) 2023 2022 % 2022-2023 Performance 7,741.90 7,087.08 9% Order backlog 7,074.25 7,969.32 -11% Number of employees (FTE) 27,057 27 .514 – 2% INTERNATIONAL + SPECIAL DIVISIONS^2) 2023 2022% 2022-2023 Performance 2,957.27 2,644.81 12% Order backlog 5,159.42 5,412.72 -5% Number of employees (FTE) 20,360 17,526 16% OTHER 2023 2022 % 2022-2023 Performance 223 .31 138.12 62% Order backlog 25.33 19.42 30% Number of employees (FTE) 7,583 7,017 8% 1) As of January 1, 2023, the North + West segment was expanded to include Switzerland and the South + East segment to include Poland. 2) The building materials business, previously reported in the International + Special Divisions segment, was integrated into the South + East segment as of July 1, 2023. The previous year’s figures were adjusted accordingly. The listed European technology group for construction services STRABAG SE today announced the first figures for the 2023 financial year and an outlook for 2024. “After years of boom due to the zero and negative interest rate policy, 2023 was marked by a slowdown in the construction industry. Residential construction was particularly hard hit by the changed environment, but at STRABAG this accounts for less than 10% of Group output. In these times, we are leveraging the strengths of our business model: Thanks to our critical size and broad positioning by country and construction sector, we were able to increase output to over 19 billion euros for the first time and maintain our very high order backlog,” emphasizes Klemens Haselsteiner, CEO of STRABAG SE . Performance The STRABAG SE Group increased performance by 8% to €19.1 billion in the 2023 financial year, thereby setting a new record. Growth in almost all of the Group’s key markets contributed to this, with the largest increases in performance being recorded in Germany and Romania and in transport infrastructure construction in Poland. In the Czech Republic, performance declined as expected, as a selective approach was taken due to increased competition in transport infrastructure construction. Furthermore, only smaller markets such as Sweden and Denmark saw declines in performance. Order backlog Despite sharp declines in the residential construction market, the order backlog remained almost stable at a very high level of €23.5 billion (-1% compared to December 31, 2022). The order backlog was expanded, including in Germany, primarily in building construction and civil engineering, in Poland and in the Middle East region. As a result of the current interest rate level and the stricter lending guidelines for mortgage loans compared to other European countries, the order backlog in Austria remained below the above-average level of the previous year. The declining development in the United Kingdom and the Americas region is due to the completion of major projects. The additions to the order backlog in Germany include the extensions of the U5 subway lines in Hamburg and Munich, the turnkey construction of a new replacement building for the Ruhr University in Bochum and the construction of the sustainable office property Inspire Neukölln in Berlin. In the Middle East region, infrastructure and building construction projects worth around €383 million were acquired in the United Arab Emirates, Oman and Qatar. In the Czech Republic, the contract was awarded for the modernization of the Masaryk train station in Prague; in Poland, STRABAG is building, among other things, a production and logistics building for Cognor SA and the country’s third-longest bridge over the San River near the town of Stalowa Wola. EBIT An EBIT margin of close to 5% (2022: 4.2%) is expected for the 2023 financial year, which will therefore be higher than originally forecast. This is due to positive influences on earnings in the North + West segment. Number of employees In the 2023 financial year, an average of 77,136 employees (FTE) were employed. This corresponds to an increase of 5% compared to the previous year. Due to a strong increase in performance and as a result of a takeover in the Property & Facility Services area, the largest increase was recorded in Germany, followed by the Americas region, where the number of employees was increased to handle major projects. Outlook for 2024 “With last year’s strong performance behind us, we expect to be able to confirm our record performance in 2024. With our People. strategy. Planet. Progress. “We are also ideally positioned for the coming years to benefit from the increased demand for existing buildings and in the area of the energy transition,” said CEO Klemens Haselsteiner. Based on the persistently high order backlog, which already extends into 2025, the Management Board expects a slight increase in output at a high level. Specifically, output of around €19.4 billion is forecast for the 2024 financial year. The two operating segments North + West and South + East are expected to contribute in particular to this. Due to the economic challenges in the construction industry, the result for 2023 does not change the plan to generate an EBIT margin of at least 4% in the 2024 financial year. Net investments (cash flow from investing activities) in 2024 should not exceed €750 million. Further figures and details about the 2023 financial year will be available on April 25, 2024 at 7:00 a.m. (CEST). www.strabag.com for publication. STRABAG SE is a European technology group for construction services, a leader in innovation and capital strength. Our offering encompasses all areas of the construction industry and covers the entire construction value chain. We create added value for our customers by looking at buildings holistically, across the entire life cycle – from conception to planning and construction, operation and facility management, through to conversion or dismantling. In doing so, we take responsibility for people and the environment: We are working on the future of construction and investing in our currently more than 250 innovation projects and 400 sustainability projects. Thanks to the commitment of our approximately 86,000 employees, we generate an annual output of around €19 billion. With a dense network of numerous subsidiaries in many European countries and also on other continents, we are expanding our area of operations far beyond the borders of Austria and Germany. Together, in collaboration with strong partners, we pursue a clear goal: plan, build and operate in a climate-neutral and resource-saving manner. Information also below www.strabag.com
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═════════════════════════════════════════ ═════════ ════════════════════════ Language: German Company: STRABAG SE Donau-City-Straße 9 1220 Vienna Austria Telephone: +43 1 22422 – 1089 Fax: +43 1 22422 – 1177 Email: investor.relations@strabag.com
Internet: www.strabag.com
ISIN: AT000000STR1, AT0000A36HH9 Stock exchanges: Vienna Stock Exchange (official trading) EQS News ID: 1837415 End of announcement EQS News Service 1837415 February 15, 2024 CET/CEST