STRABAG SE Reports Increased Net Income in 2023 Despite Market Challenges

STRABAG SE announced a strong financial performance in 2023 with a record output volume of €19.1 billion, an 8% increase from 2022. In the face of declining construction markets, the company maintained a high order backlog, reported at €23.5 billion.

The company achieved an EBIT margin of 5.0%, surpassing expectations, with an EBIT of €880.20 million, marking a 25% growth compared to the previous year. Net income after tax grew significantly by 33% to €630.51 million. Additionally, a dividend increase to €2.20 was proposed.

For 2024, STRABAG anticipates an output volume of approximately €19.4 billion and aims to maintain an EBIT margin of at least 4% despite ongoing economic pressures. The company highlighted its commitment to sustainability, incorporating it into its operational strategy and focusing on the decarbonization of buildings to meet European climate targets.

STRABAG's leadership credited the company's robust performance in 2023 to its diversified operations and geographical presence. This strategy allowed the company to navigate a challenging environment effectively and achieve considerable financial gains.