EQS-News: STRABAG SE Trading Statement Q1/2024: Continued high order backlog as solid basis for rest of year

EQS-News: STRABAG SE / Key word(s): Quarter Results
   STRABAG SE Trading Statement Q1/2024: Continued high order backlog as
   solid basis for rest of year

   29.05.2024 / 07:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   STRABAG SE Trading Statement Q1/2024: Continued high order backlog as
   solid basis for rest of year

     • Slight output growth of 2%
     • Order backlog stable year-on-year, plus of 5% to € 24.6 billion
       compared to year-end 2023
     • Outlook for 2024 confirmed: output volume around € 19.4 billion, EBIT
       margin ≥ 4%

    

                                                         
   STRABAG SE                           3M/2024   3M/2023   %     
   Output volume                        3,436.11  3,384.71  2%    
   Order backlog                        24,553.29 24,510.68 0%    
   Employees (FTE)                      75,482    73,747    2%    
                                                                  
   NORTH + WEST                         3M/2024   3M/2023   %     
   Output volume                        1,499.23  1,504.49  0%    
   Order backlog                        11,666.22 10,601.18 10%   
   Employees (FTE)                      21,918    21,426    2%    
                                                                  
   SOUTH + EAST^1)                      3M/2024   3M/2023   %     
   Output volume                        1,166.94  1,162.89  0%    
   Order backlog                        7,615.83  8,488.51  -10%  
   Employees (FTE)                      25,026    25,159    -1%   
                                                                  
   INTERNATIONAL + SPECIAL DIVISIONS^1) 3M/2024   3M/2023   %     
   Output volume                        704.51    658.17    7%    
   Order backlog                        5,247.66  5,326.39  -1%   
   Employees (FTE)                      20,893    19,569    7%    
                                                                  
   OTHER                                3M/2024   3M/2023   %     
   Output volume                        65.43     59.16     11%   
   Order backlog                        23.58     94.60     -75%  
   Employees (FTE)                      7,645     7,593     1%    

   1)    The construction materials business, previously reported as part of
   International + Special Divisions, was integrated into the South + East
   segment with retroactive effect from 1 January 2023. The previous year’s
   figures have been adjusted accordingly.

   STRABAG SE, the publicly listed European technology group for construction
   services, today announced its figures for the first quarter of 2024. “The
   trends observed in the previous year continued into the first quarter of
   2024. The situation in individual markets remains challenging, and there
   are still no signs of a reversal in residential construction. These
   developments notwithstanding, we were able to increase our order backlog
   to € 24.6 billion compared to the end of 2023, giving us a solid basis for
   the rest of the year. We expect to see positive momentum above all from
   forward-looking projects in energy infrastructure and in reconstruction,
   conversion and refurbishment,” 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 2024, a slight increase of 2% compared to the same period
   of the previous year. The largest increases in absolute terms were
   recorded in the core markets of Germany, Poland and Romania. The output
   fell in Austria, among other places, due to the sharp decline in the
   residential construction market.

   Order backlog
   The order backlog as at 31 March 2024 remained stable at a high level of €
   24.6 billion year-on-year. Compared to the end of 2023, this figure grew
   by 5%, attributable to successful project acquisitions in the first
   quarter of the current year. New projects include the construction of a
   shipping lock in Kriegenbrunn (Germany), the expansion of a rapid transit
   line in Toronto (Canada) and the construction of a bridge over the river
   Oder near Nędza (Poland).

   In a year-on-year comparison, the order backlog increased the most in
   Germany, Poland and the Middle East. Declines were recorded in Austria
   and, due to the ongoing fulfilment of large projects, in the United
   Kingdom.

   Employees
   The average number of employees in the first quarter of 2024 was 75,482
   FTEs, a plus of 2% over the previous year. The largest increase was
   recorded in Germany, particularly due to an acquisition in the property
   and facility services sector. Employee numbers were increased to a lesser
   extent in the United Kingdom and Romania, among other places, to
   accommodate projects in those regions.

   Outlook for 2024
   “The construction industry remains challenging in individual European
   markets. With the expected interest rate cuts, however, the environment
   should gradually improve starting in the second half of 2024,” says
   Klemens Haselsteiner, CEO of STRABAG SE. Based on the continued high order
   backlog and the diversified positioning of the STRABAG Group, the
   Management Board confirms its construction output target of € 19.4 billion
   for 2024 for the time being. An EBIT margin of at least 4% is expected
   this year as well. Net capital expenditure is also forecast to reach up to
   € 750 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 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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   29.05.2024 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 – 1089
   Fax:         +43 1 22422 - 1177
   E-mail:      investor.relations@strabag.com
   Internet:    www.strabag.com
   ISIN:        AT000000STR1, AT0000A36HJ5
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1912651


    
   End of News EQS News Service


   1912651  29.05.2024 CET/CEST

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