EQS-News: Positive development across all major KPI: STRABAG on track for profitable growth
EQS-News: STRABAG SE / Key word(s): Half Year Results
Positive development across all major KPI: STRABAG on track for profitable
growth
28.08.2025 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Positive development across all major KPI: STRABAG on track for profitable
growth
• Output rose significantly by 7% to € 8.9 billion
• Order backlog up to € 28.4 billion (+13% vs. 30 Jun 2024)
• EBIT increased by 58% to € 129.4 million, Net income up by 4% to €
94.9 million
• Outlook for 2025 confirmed: output of around € 21 billion, EBIT margin
≥ 4.5%
• Semi-Annual Report 2025 now also available fully online at
report.strabag.com
STRABAG SE 6M/2025 6M/2024 % 6M/2024–6M/2025
Output volume 8,905.19 8,329.29 7%
Order backlog 28,366.22 25,191.89 13%
Employees (FTE) 79,159 77,337 2%
NORTH + WEST 6M/2025 6M/2024 % 6M/2024–6M/2025
Output volume 3,640.49 3,589.32 1%
Order backlog 12,999.89 12,035.28 8%
Employees (FTE) 23,070 22,050 5%
SOUTH + EAST 6M/2025 6M/2024 % 6M/2024–6M/2025
Output volume 3,184.46 3,143.96 1%
Order backlog 8,534.95 8,078.81 6%
Employees (FTE) 25,538 26,159 -2%
INTERNATIONAL +
SPECIAL DIVISIONS 6M/2025 6M/2024 % 6M/2024–6M/2025
Output volume 1,992.65 1,481.03 35%
Order backlog 6,811.49 5,053.19 35%
Employees (FTE) 22,610 21,532 5%
OTHER 6M/2025 6M/2024 % 6M/2024–6M/2025
Output volume 87.59 114.98 -24%
Order backlog 19.89 24.61 -19%
Employees (FTE) 7,941 7,596 5%
Output volume / Order backlog in € mn
STRABAG SE, the publicly listed European technology group for construction
services, today announced its figures for the first half of 2025. „The
first half of 2025 clearly shows that we are on a profitable growth
trajectory. Our success in strategic future-oriented sectors and our
expansion into Australia are not only reflected in new records for output
and order backlog, but also in significantly increased earnings“, explains
Stefan Kratochwill, CEO of STRABAG SE.
Output volume and revenue
STRABAG SE generated output of € 8,905.19 million in the first half of
2025 – an increase of 7% compared to the previous year. Roughly half of
this growth was attributable to the firsttime consolidation of the
Georgiou Group in Australia. The largest absolute increases in the
company’s established markets were recorded in Poland, the Czech Republic
and Germany. As expected, output declined in the United Kingdom – due to
the ongoing completion of largescale projects – and in Hungary, where EU
funds remain frozen and public investment has stalled. Consolidated
revenue increased by 7% in line with output. The ratio of revenue to
output stood at 89%, remaining virtually stable year-on-year.
Order backlog
The order backlog stood at € 28,366.22 million at the end of the first
half of 2025 – 13% or € 3.2 billion higher than in the previous year. This
strong increase reflects the successful project acquisitions made so far
this year – especially in railway construction, energy infrastructure,
high-tech buildings, and university and research facilities. In regional
terms, the biggest growth in the order backlog was seen in Germany, the
Czech Republic and Austria. As at the end of June 2025, Australia
contributed around € 660 million to the total.
Financial performance
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
increased by 20% to € 430.81 million in the first half of 2025. In line
with the investments made as part of Strategy 2030 and the increased asset
base, depreciation on property, plant and equipment and amortisation of
intangible assets rose 9% year-on-year to € 301.44 million. As a result,
earnings before interest and taxes (EBIT) was up 58% to € 129.37 million.
Improvements in earnings in the North + West segment and, in particular,
in International + Special Divisions had a positive impact. Not least due
to the higher proportion of transportation infrastructure projects,
earnings in the South + East segment were again negative in the first half
of the year.
Net interest income, while again positive at € 15.38 million, was down on
the previous year’s figure (6M/2024: € 52.23 million). This development
was mainly due to significantly lower deposit interest rates compared with
last year. Although these led to lower but still very solid interest
income, they reflect STRABAG SE’s continued strong liquidity position. On
the other hand, exchange rate differences, amounting to € -13.04 million
(6M/2024: € -5.54 million), had a greater impact on net interest income
than in the previous year.
Earnings before taxes (EBT) therefore came to € 144.75 million,
significantly above the prior-year figure of € 134.15 million. Income
taxes amounted to € -47.68 million (6M/2024: € -41.11 million), which is
reflected in a slightly higher income tax rate of 33%. This results in net
income of € 97.07 million, compared with € 93.04 million in the first half
of 2024.
The earnings attributable to minority shareholders remained almost
unchanged in absolute terms at € 2.18 million. Overall, net income after
minorities of € 94.89 million was generated (6M/2024: € 91.51 million).
With a higher weighted number of 115,442,905 shares outstanding in the
first half of 2025, the earnings per share remained virtually stable at €
0.82 (6M/2024: € 0.84).
Financial position and cash flows
The balance sheet total increased slightly by 1% to € 14.9 billion
compared with the end of 2024. As is usual for the season, contract assets
and inventories rose, while cash and cash equivalents decreased in the
first half of 2025. Goodwill and property, plant and equipment also
increased as a result of company acquisitions.
Compared with 31 December 2024, the equity ratio declined from a high
level of 34.1% to 32.4%. This is attributable to the distribution of the
dividend for the 2024 financial year in the first half of 2025.
STRABAG continues to report a solid net cash position. Compared with the
end of 2024, this figure decreased from € 2,905.25 million to € 1,868.00
million due to seasonal effects.
The cash flow from operating activities was less negative than in the
previous year (6M/2024: € -415.00 million) at € -284.44 million. On the
one hand, cash flow from earnings was higher, and on the other hand, the
seasonal build-up of working capital – particularly in inventories and
contract assets – was less pronounced in the first half of 2025.
Cash outflow for investments (cash flow from investing activities) was €
-430.31 million – above the previous year’s figure of € -322.49 million as
planned. This is primarily attributable to higher expenditure on
enterprise acquisitions, on intangible assets, and on property, plant and
equipment. The first half of 2025 included, among other things, the
purchase price payment for the acquisition of Georgiou Group in Australia.
The cash flow from financing activities amounted to € -261.75 million in
the first half of 2025 (6M/2024: € -299.76 million). Despite a higher
dividend payment compared to the previous year, the cash outflow was
lower. This is partly due to the fact that the previous year included the
payment of the capital reduction to those free float shareholders who had
opted for the cash option as part of the capital measures.
Employees
An average of 79,159 employees (FTE) were employed in the first half of
2025, representing an increase of 2% compared to the same period of the
previous year. In addition to the growth resulting from the acquisition in
Australia, staff numbers rose particularly in Poland, the Middle East and
Germany. In contrast, the number of employees in the Americas declined
with the progress of large-scale projects in that region.
Outlook for 2025
Based on developments so far this year and expectations for the second
half, the Management Board is maintaining its targets for 2025. This
assumption is supported by the continued high order backlog and the
anticipated contributions from the acquisition in
Australia. Accordingly, output of around € 21 billion is being targeted;
the EBIT margin is expected to reach at least 4.5%. Net investments (cash
flow from investing activities) are forecast at no more than € 1.4
billion, in line with the implementation of Strategy 2030.
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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28.08.2025 CET/CEST This Corporate News was distributed by EQS Group.
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: 2189460
End of News EQS News Service
2189460 28.08.2025 CET/CEST
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