EQS-News: STRABAG SE Trading Statement 9M/2023: higher output forecast for 2023

EQS-News: STRABAG SE / Key word(s): 9 Month figures
STRABAG SE Trading Statement 9M/2023: higher output forecast for 2023

16.11.2023 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STRABAG SE Trading Statement 9M/2023: higher output forecast for 2023

• Output volume up 8% to € 13.6 billion in first nine months of 2023
• Order backlog up 4% to € 24.4 billion
• Outlook raised for 2023: expected output volume of around € 18.9
billion; EBIT margin of ≥ 4%

         
STRABAG SE 9M/2023 9M/2022 % 9M/2022–9M/2023
Output volume 13,642.34 12,645.28 8%
Order backlog 24,361.94 23,327.59 4%
Employees (FTE) 76,632 73,496 4%
       
NORTH + WEST^1) 9M/2023 9M/2022 % 9M/2022–9M/2023
Output volume 5,921.14 5,628.94 5%
Order backlog 11,554.11 10,578.32 9%
Employees (FTE) 21,991 21,520 2%
       
SOUTH + EAST^1) 2) 9M/2023 9M/2022 % 9M/2022–9M/2023
Output volume 5,434.95 5,039.75 8%
Order backlog 7,529.27 7,767.01 -3%
Employees (FTE) 26,855 27,596 -3%
       
INTERNATIONAL + SPECIAL DIVISIONS^2) 9M/2023 9M/2022 % 9M/2022–9M/2023
Output volume 2,114.11 1,886.89 12%
Order backlog 5,251.45 4,970.15 6%
Employees (FTE) 20,210 17,383 16%
       
OTHER 9M/2023 9M/2022 % 9M/2022–9M/2023
Output volume 172.14 89.70 92%
Order backlog 27.11 12.11 >100%
Employees (FTE) 7,576 6,997 8%

1) Effective 1 January 2023, Switzerland was moved to the North + West
segment, Poland to South + East. 2) The building materials business,
previously reported in the International + Special Divisions segment, was
incorporated into South + East effective 1 July 2023. 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 nine months of 2023.
“In view of the continued growth of the order backlog and the significant
increase in output in the first nine months, we are raising our output
forecast for 2023 from € 18.6 billion to around € 18.9 billion. Our
performance so far this year has confirmed that our broad diversification
– in both geographical terms as well as by sector – enables us to more
than compensate for declines in individual construction segments. While
residential construction remains under pressure in the current
environment, we are seeing positive trends in public building construction
and in commercial and industrial construction. Business development in
transportation infrastructure construction remains solid,” explains
Klemens Haselsteiner, CEO of STRABAG SE.

Output volume
STRABAG SE generated an output volume of € 13.6 billion in the first nine
months of 2023, which corresponds to an increase of 8% compared to the
same period of the previous year. The largest output growth was recorded
in the home markets of Germany and Austria, followed by Romania, Poland
and the United Kingdom, where the Group is currently working on the two
largest projects on the order books. By contrast, output fell in the Czech
Republic, Sweden and Denmark.

Order backlog
As at 30 September 2023, the order backlog had increased to € 24.4
billion, up 4% from the same date in the previous year. The largest
increases in absolute terms were achieved in the home market of Germany,
particularly in building construction and civil engineering, as well as in
Poland and the Middle East. In Austria, the order volume remains below the
comparatively high level of the previous year, primarily due to the tense
situation in residential construction. Declines were also recorded in the
Americas region due to the ongoing execution of large-scale projects.

Employees
The average number of employees (FTE) in the first nine months of 2023 was
76,632. This corresponds to an increase of 4% compared to the same period
of the previous year. The largest growth was recorded in Germany as a
result of an acquisition in property and facility services, followed by
the Americas region, where staff levels were increased to handle mining
projects there. The changes in the other markets more or less balanced
each other out.

Outlook
Despite the continued challenging conditions, the Management Board expects
a new record output volume of around € 18.9 billion for the 2023 financial
year – the guidance at the end of the first half of the year had stood at
€ 18.6 billion. Output growth is expected in all operating segments. The
goal of achieving an EBIT margin of at least 4% remains unchanged. Net
capital expenditure (cash flow from investing activities) is not expected
to exceed € 700 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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16.11.2023 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: 1773183

 
End of News EQS News Service

1773183  16.11.2023 CET/CEST

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