Strabag orders pass €25 billion mark despite ‘challenging’ European market

Strabag CEO Klemens Haselsteiner

The company said it passed the milestone in spite of a challenging environment in certain European markets.

In first six months of 2024, the company’s output volume increased by 1% as compared to the same period a year before, reaching €8.3 billion ($9.2 billion).

Its order backlog was up 4% to €25.2 billion. The picture across different regions was mixed. Although output in Strabag’s North + West division (Germany, Switzerland, the Benelux countries and Scandinavia) fell by 1% in the first half of 2024 to €3.6 billion, the order backlog rose by 14% to €12 billion.

In the South + East division (Austria, Poland, the Czech Republic, Slovakia, Hungary and South East Europe), output was also down 1% to €3.1 billion and its order book dropped by 5% to €8.1 billion.

In its international and special divisions, output volume increased 10% to €1.5 billion but the order backlog dropped 3% to €5 billion.

CEO Klemens Haselsteiner said, “Our output volume remained stable year-on-year at € 8.3 billion, with the decline in the Austrian residential construction market having a delayed impact as expected. The development of incoming orders, meanwhile, was very dynamic.

“In line with our Strategy 2030, we acquired several new projects related to the energy transition and the adaptive reuse of existing buildings. These include the civil engineering works for the European energy infrastructure project SuedOstLink and the refurbishment of the main and regional offices of the pension insurance organisation in Vienna. We were also awarded several large infrastructure projects in Germany, Canada and CEE. All of these developments are reflected in our order backlog, which for the first time ever exceeded the € 25 billion mark. With a plus of 4% to € 25.2 billion, our current order volume offers us an excellent view towards 2026.”