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


    
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   2189460  28.08.2025 CET/CEST

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