Strabag (STR) Trading Update summary

Financial performance and order backlog

• Output volume reached €19.2 billion in 2024, up 1% year-over-year, with strong growth in Poland, Germany, Italy, and the Middle East.

• Order backlog hit a record €25.4 billion, an 8% increase, driven by major infrastructure and energy projects, especially in Germany and Central Europe.

• EBIT margin for 2024 is expected to be close to 6%, significantly above the previous year's 5.0%, due to positive segment earnings and fewer negative impacts internationally.

Regional and segment developments

• North + West segment saw stable output and an 8% rise in order backlog, with notable energy transition and railway projects in Germany.

• South + East output declined 3%, but order backlog rose 9%, with key wins in Slovakia and the Czech Republic.

• International + Special Divisions output grew 11%, with new contracts in Toronto and Abu Dhabi.

Workforce and strategic investments

• Average workforce increased 1% to 78,174 FTEs, mainly due to acquisitions in Germany and Benelux.

• Planned net investments for 2025 are capped at €1.1 billion, reflecting ongoing acquisition strategy.