EQS-News: STRABAG SE Trading Statement 9M/2024: Strong order growth in the first nine months of 2024

EQS-News: STRABAG SE / Key word(s): 9 Month figures
STRABAG SE Trading Statement 9M/2024: Strong order growth in the first
nine months of 2024

14.11.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STRABAG SE Trading Statement 9M/2024: Strong order growth in the first
nine months of 2024

• Output stable at a high level of € 13.6 billion
• Order backlog up 8% to € 25.3 billion since 31 December 2023, +4%
year-on-year
• Outlook for 2024 confirmed: output volume of around € 19.4 billion,
EBIT margin ≥ 4%

 

         
STRABAG SE 9M/2024 9M/2023 % 9M/2023–9M/2024
Output volume 13,618.21 13,642.34 0%
Order backlog 25,335.23 24,361.94 4%
Employees (FTE) 77,953 76,632 2%
       
NORTH + WEST 9M/2024 9M/2023 % 9M/2023–9M/2024
Output volume 5,874.35 5,921.14 -1%
Order backlog 12,206.23 11,554.11 6%
Employees (FTE) 22,237 21,991 1%
       
SOUTH + EAST 9M/2024 9M/2023 % 9M/2023–9M/2024
Output volume 5,268.07 5,434.95 -3%
Order backlog 8,151.41 7,529.27 8%
Employees (FTE) 26,715 26,855 -1%
       
INTERNATIONAL +
SPECIAL DIVISIONS 9M/2024 9M/2023 % 9M/2023–9M/2024
Output volume 2,288.01 2,114.11 8%
Order backlog 4,954.52 5,251.45 -6%
Employees (FTE) 21,373 20,210 6%
       
OTHER 9M/2024 9M/2023 % 9M/2023–9M/2024
Output volume 187.78 172.14 9%
Order backlog 23.07 27.11 -15%
Employees (FTE) 7,628 7,576 1%

STRABAG SE, the publicly listed European technology group for construction
services, today announced its figures for the first nine months of 2024.
“After nine months, we see ourselves confirmed in our assessment for
business development in 2024. Particularly encouraging is the increase in
our order backlog by around € 1.9 billion to € 25.3 billion in the year to
date, a growth trend that has continued beyond the third quarter.
The basis for this development is the good mix of new orders, above all in
projects related to the energy transition. This applies in particular to
our infrastructure and services business. Our order backlog already gives
us good visibility towards 2026 and a solid starting position for the
coming year,” says Klemens Haselsteiner, CEO of STRABAG SE.

Output volume
STRABAG SE was able to maintain its output at a high level during the
first nine months of 2024, generating a volume of € 13,618.21 million. The
largest increases were recorded in Poland, in Germany, and in tunnelling
and transportation infrastructures in Italy, while declines were
registered in Austria and Hungary. The downturn in the residential
construction market in Austria is negatively impacting the output volume
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 € 25,335.23
million by the end of the third quarter. This corresponds to a
year-on-year increase of 4%. The largest growth in absolute terms was
recorded in Germany, Poland and Slovakia. Significant bridge construction
and grid expansion projects for the energy transition were acquired in the
home market of Germany in the third quarter. The order backlog in the
United Kingdom and in Hungary decreased due to the ongoing fulfilment of
large projects there. A decline was also observed in Austria owing to the
challenging conditions in building construction.

Employees
The average number of employees in the first nine months of 2024 stood at
77,953 FTEs, a plus of 2% compared to the same period of the previous
year. The largest increases were recorded in Germany and the Benelux
countries as a result of acquisitions in mechanical and electrical (M&E)
services and energy management within the property and facility services
portfolio.

Outlook
The Management Board continues to expect an output volume of around € 19.4
billion for the full 2024 financial year. By segment, growth is projected
in International + Special Divisions, with a largely stable outlook in
North + West and a decline at a continued high level in South + East. The
guidance for an EBIT margin of at least 4% remains unchanged. The outlook
for net investments (cash flow from investing activities) is being raised
from a previous maximum forecast of € 750 million to a maximum of € 800
million in 2024.

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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14.11.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
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: 2027983

 
End of News EQS News Service

2027983  14.11.2024 CET/CEST