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.

   ══════════════════════════════════════════════════════════════════════════

   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.

   ══════════════════════════════════════════════════════════════════════════

   31.05.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     STRABAG SE
                Donau-City-Straße 9
                1220 Vienna
                Austria
   Phone:       +43 1 22422 - 1174
   Fax:         +43 1 22422 - 1177
   E-mail:      [email protected]
   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

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print