STRABAG SE: Order Backlog Exceeds €25 Billion for First Time

STRABAG SE, a listed European technology group in construction services, announced that its order backlog has surpassed €25 billion for the first time. The company's order backlog now stands at €25.2 billion, an increase of 7% from the end of 2023. The EBIT margin remained stable at 1.1%, while net income after minorities rose by 23% to €91.5 million.

The output volume for the first half of 2024 reached €8.3 billion, reflecting a 1% increase from the previous year. STRABAG SE experienced significant growth in Germany, Poland, and Romania. Although the residential construction market in Austria saw a decline, overall performance remained positive.

The company also highlighted its successful acquisition of several large-scale projects, primarily in energy transition and infrastructure. These include the SuedOstLink energy infrastructure project and refurbishment contracts in Vienna, Germany, and Canada.

Earnings before interest and taxes (EBIT) were slightly lower at €81.92 million, yet net interest income almost doubled to €52.23 million. Despite seasonal effects, the balance sheet total fell to €13.6 billion, a decrease of 1% compared to the end of 2023.

The outlook for 2024 includes an expected output volume of around €19.4 billion and an EBIT margin of at least 4%. Net investments are forecasted to reach a maximum of €750 million.