STRABAG SE Reports Steady Output and Increasing Order Backlog in 9M/2024

STRABAG SE has maintained stable output levels, reporting a volume of €13.6 billion in the first nine months of 2024. The company's order backlog increased by 8% since the end of 2023, reaching €25.3 billion, a rise of 4% year-on-year. This growth is attributed to new orders, particularly in energy transition projects within infrastructure and services sectors.

The firm's largest output increases were in Poland, Germany, and Italy's infrastructure projects. However, Austria and Hungary experienced declines, particularly in residential construction. The workforce expanded by 2% to 77,953 FTEs, with notable increases in Germany and the Benelux due to sector acquisitions.

Outlook for 2024 remains positive, with expected output of €19.4 billion and an EBIT margin of at least 4%. Investment forecasts have been increased to a maximum of €800 million.