EQS-News: STRABAG SE Trading Statement Q1/2023: New record order backlog as solid basis for 2023 and beyond

EQS-News: STRABAG SE / Key word(s): Quarter Results
STRABAG SE Trading Statement Q1/2023: New record order backlog as solid
basis for 2023 and beyond

31.05.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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New record order backlog as solid basis for 2023 and beyond

• Double-digit output growth
• Order backlog increases further, for first time exceeds € 24 billion
mark
• Outlook for 2023 confirmed: output volume of at least € 17.9 billion,
EBIT margin ≥ 4%

 

STRABAG SE 3M/2023 3M/2022 %  
Output volume 3,384.71 3,066.54 10%  
Order backlog 24,510.68 23,726.16 3%  
Employees (FTE) 73,747 71,167 4%  
         
NORTH + WEST^1) 3M/2023 3M/2022 %  
Output volume 1,504.49 1,428.95 5%  
Order backlog 10,601.18 10,937.96 -3%  
Employees (FTE) 21,426 21,034 2%  
         
SOUTH + EAST^1) 3M/2023 3M/2022 %  
Output volume 1,032.48 953.16 8%  
Order backlog 8,280.47 7,816.98 6%  
Employees (FTE) 22,403 23,215 -3%  
         
INTERNATIONAL +  
SPECIAL DIVISIONS 3M/2023 3M/2022 %
Output volume 788.58 660.89 19%  
Order backlog 5,534.43 4,964.51 11%  
Employees (FTE) 22,325 19,902 12%  
         
OTHER 3M/2023 3M/2022 %  
Output volume 59.16 23.54 >100%  
Order backlog 94.60 6.71 >100%  
Employees (FTE) 7,593 7,016 8%  

1)    Effective 1 January 2023, Switzerland was moved to the North + West
segment, Poland to South + East. The previous year’s figures have been
adjusted accordingly.

The publicly listed European technology group for construction services
STRABAG SE today announced its figures for the first quarter of 2023. “The
new year got off to a successful start and we can report new record
figures. We succeeded in further expanding our very high order backlog,
topping the € 24 billion mark for the first time. That corresponds to 1.4
times our annual output volume. Despite the weaker state of the
construction sector, we were thus able to establish a solid basis for 2023
and beyond, and we can confirm our outlook for the current year,” says
Klemens Haselsteiner, CEO of STRABAG SE.

Output volume
The STRABAG SE Group generated an output volume of € 3.4 billion in the
first quarter of 2023, a double-digit increase of 10% compared to Q1/2022,
partly attributable to the inflationary environment. Output growth was
recorded in all operating segments. The largest increases in absolute
terms were achieved in the home markets of Germany and Austria, followed
by the United Kingdom and Romania. The ongoing execution of the high order
backlog and the mild weather for construction in the first quarter
contributed to this development.

Order backlog
The significant increase in mortgage interest rates led to a noticeable
shift from private to public contracts. The order books grew by a further
3% from the already high comparison value at the end of 2022 to reach a
new record of € 24.5 billion. Germany, Romania and Italy, followed by
Croatia and the Americas, contributed most to the order growth. Declines,
on the other hand, were recorded in Bulgaria, Denmark and the Benelux
countries.

Projects acquired in the first quarter of 2023 include the new
construction of the Inspire Neukölln office and commercial complex in
Berlin, planned and designed as a green building, as well as the
construction of roads from Duqm Airport to Ras Markaz in Oman and the
upgrade of National Road 94 in Poland.

Employees
The average number of employees in the first quarter of 2023 was 73,747
FTEs, 4% above the previous year’s figure. In Germany, the number of
employees increased significantly as a result of an acquisition in
property and facility services, while new mining projects in the Americas
led to an increase in the number of employees in that region. The changes
in the other markets more or less balanced each other out.

Outlook for 2023
High inflation and the continuing interest rate turnaround are having a
dampening effect on the construction industry. Against this backdrop, the
Management Board, based on the new record order backlog and the output
growth in the first quarter, confirms its outlook for 2023: construction
output of at least € 17.9 billion, with an EBIT margin of at least 4%. Net
capital expenditure (cash flow from investing activities) is not expected
to exceed € 600 million.

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 79,000 employees, we generate an annual output volume of
around € 17 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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31.05.2023 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 – 1174
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: 1645181

 
End of News EQS News Service

1645181  31.05.2023 CET/CEST

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