$STR (-1,35 %)

13.02.2025 STRABAG enters new financial year with record order backlog

STRABAG SE, the listed European technology group for construction services, today announced initial figures for the 2024 financial year and an outlook for 2025. "2024 was a very successful year for STRABAG in economic terms. We were able to keep output stable and expand the order backlog to a new record high. In addition, an extraordinarily high EBIT margin of close to 6% is on the horizon for 2024, as already announced on January 27, 2025," explains Christian Harder, CFO of STRABAG SE.

Performance

The STRABAG SE Group generated slightly higher output of € 19,238.80 million in the 2024 financial year, an increase of 1% or € 100 million. Strong growth was recorded in Poland and in the infrastructure and building solutions business in Germany. Significant increases in output were also achieved in Italy and the Middle East. As expected, output declined in Austria and Hungary.

Order backlog

After exceeding the € 25 billion mark for the first time in the first half of the year, the order backlog at the end of 2024 was further expanded to € 25,362.47 million, which represents an increase of € 1.9 billion or 8% compared to the previous year. The order backlog rose particularly strongly in Germany, especially in infrastructure and civil engineering. Significant growth was also recorded in Poland, Austria, Slovakia and Romania. The first signs of a turnaround in residential construction in Austria were encouragingly confirmed in the fourth quarter of 2024. In the United Kingdom, the order backlog declined due to the completion of major projects.

The most important additions to the order backlog in Germany include grid expansion projects for the energy transition worth more than € 1.1 billion, the general refurbishment of the Hamburg-Berlin railroad line and the replacement construction of the Kriegenbrunn navigation lock in Bavaria. In Slovakia, STRABAG was awarded the contract for the conversion and extension of the F.D. Roosevelt Clinic, and in the Czech Republic for the construction of the new headquarters of the local subsidiary of Erste Group, which is being built to the highest sustainability standards. In international business, contracts were acquired for a rapid transit line in Toronto and for the construction of a residential quarter in Abu Dhabi, among others.

EBIT margin

The EBIT margin for the 2024 financial year is expected to be close to 6% (2023: 5.0%), which is significantly higher than originally forecast. This is due to positive earnings effects in the North + West segment and - compared to the previous year - lower burdens on earnings in the volatile international project business.

Number of employees

An average of 78,174 employees (FTE) were employed in the 2024 financial year, which corresponds to a slight increase of 1% compared to the previous year. In line with the performance trend and due to acquisitions in the Building Solutions division - to expand the depth of added value in building services and energy management - the largest increases were recorded in Germany and the Benelux region. The changes in the other countries more or less balanced each other out.

Outlook 2025

For the 2025 financial year, the Executive Board expects a significant increase in output to around € 21 billion. This forecast is based on the high order backlog on the one hand and the expected contributions from the acquisitions made on the other. Higher output is forecast in all operating segments for 2025.

Following the combination of several positive earnings effects in 2024, the EBIT margin is expected to normalize in 2025. Due to the initial, noticeable effects of the strategy, the Executive Board is raising the EBIT margin target for 2025 to ? 4.5%.

Net investments (cash flow from investing activities) in 2025 should not exceed € 1,100 million. The increase compared to the previous year is due in particular to planned acquisitions as part of Strategy 2030.

Further figures and details on the 2024 financial year will be published on April 28, 2025 at 7:00 a.m. (CEST) at www.strabag

.com for publication.

Do we already know whether $STR (-1,35 %) a special divi will be paid again in 2025? Warsl this is a beginner's question;) But it doesn't hurt to ask... thanks!

$STR (-1,35 %) Reached the area above €44.xx today for the 4th time since 2021. It was nice on turbulent days like today😅

But I'm already waiting for the next entry!

$STR (-1,35 %)
$POS (-2,79 %)

were awarded the contract to build the Liegbrücke bridge near Tyrol on the Brenner highway.

After demolition and construction, the contract is worth over 217 million euros.

Unfortunately, Strabag lost against Rasperia in a Russian court. The conglomerate is expected to receive 2.1 billion euros.

The disputes are taking longer than expected.

Despite the death of company boss Klemens Haselsteiner at the age of 44 (17.1), the remaining board members are sticking to the Strategy 2030.

$STR (-1,35 %) The contract is scheduled to be awarded in the first half of 2025

The major project is intended to secure the drinking water supply in Cumbria, Lancashire and Greater Manchester in the north-west of England for future generations.

The contract includes the planning, construction, financing and maintenance of six tunnel sections of the pipeline. The construction phase is scheduled to last eight years, followed by a further 25 years of maintenance. STRABAG UK Limited will be responsible for the overall design and construction of the project, while Equitix and the STRABAG Group will be responsible for the financing.

The estimated construction cost will be approximately GBP 2.5 - 2.9 billion.

Source: https://www.strabag.com/databases/internet/_public/content.nsf/web/FEEBBEC45972BE7AC1258C07004E63CB

$POS (-2,79 %) At the beginning of October here on GQ @Smudeo about the interesting chart picture - the Austrian Porr AG has indeed performed well in recent weeks.

As it also fitted well into my portfolio as a supplement to $STR (-1,35 %) in my portfolio, I treated myself to a few shares. If things finally take a turn for the better in Ukraine in 2025, then both will benefit from the reconstruction of the infrastructure.

Who also has construction companies in their portfolio?

For those interested, there are figures here 😅

https://porr-group.com/fileadmin/s_porr-group/IR/Konzernberichte/2024/PORR_Q3_2024_de_FINAL_sec.pdf

Since my $DHL (+0,55 %) limit for the purchase in August did not work out, the choice was now between $CWC (-0,7 %) and $STR (-1,35 %)

The Austrian company Strabag confirmed its forecast for the year with the presentation of its half-year figures on Friday (August 30). With construction output of around EUR 19.4 (previous year: 19.1) billion, the EBIT margin is expected to be at least 4%. A figure of 5% was achieved in the previous year, and the margin is set to rise to 6% by 2030.

Overall, however, the figures for the first six months were solid: With construction output virtually unchanged at EUR 8.3 billion and sales down by 2.9%, EBITDA increased by 2.2%. Higher depreciation and amortization caused EBIT to fall by 6.2%. However, this does not worry us any more than the thin EBIT margin of 1.1%, which was at a similar level in the previous year. This is because the majority of profits are generated in the second half of the year.

The 4% increase in the order backlog to a record level of EUR 25.2 billion is very pleasing. According to CEO Clemens Haselsteiner, Strabag already has "good visibility towards 2026". More than half (53%) of the orders come from Germany, while the home market of Austria only accounts for 10%. And the trend is continuing. For example, Strabag was recently awarded the contract to build a highway bridge on the A7 in Hesse.

The Group is also active in Germany in the area of the energy transition, where it is taking on central civil engineering work on the European energy infrastructure project "SuedOstLink", among other things. This major project aims to efficiently transport wind energy from the north and east to the south of Germany. The share (EUR 39.30; AT0000STR1) has been trading sideways for over three years, which is probably also due to the failed sale of the Rasperia share package (see PB of January 12) to RBI.

Strabag, 2025 P/E of 8 and a dividend yield of 5.7%.

Question: @Freya-Odin
@TomTurboInvest
@TomTurboInvest_100k
@Der_Dividenden_Monteur
@CaYaRo

Are you still invested?

UniCredit ($UCG (-0,29 %)) has decided to take legal action against claims made by the ECB to reduce its Russian business. Russian business business in Russia.

The ECB had demanded that UniCredit ($UCG (-0,29 %)) and Raiffeisen Bank International ($RBI (+0,75 %)) set detailed targets for the withdrawal from Russia. These targets required UniCredit to present a strategic plan, which has not yet been submitted. To date, the ECB's focus has been on RBIwhich had originally planned to realize its profits from Russia through a Strabag ($STR (-1,35 %)) share swap deal to Vienna. However, this plan was abandoned after the company involved was placed on the sanctions list.

UniCredit is the second largest company after RBI the second largest representative of Western banks in Russia. Since March 2022 the bank has increased its cross-border business by 91% and its domestic business by 65% reduced. UniCredit CEO Andrea Orcel already emphasized at the beginning of the war that he was not prepared to give up the Russian business. The ECB has not yet commented on the legal dispute. The proceedings could drag on for several months, with court decisions possibly only being made years later. However, this could be problematic as the targets set by the ECB by 2026 are to be achieved. Orcel received support from the Italian Foreign Minister Antonio Tajaniwho emphasized that the ECB should act in accordance with the EU sanctions and that hasty decisions could harm Italian and EU companies.

Hi folks,

I need some advice or information. It is the following:

I have made an instruction from $STR (-1,35 %) to convert the dividend into shares and have received 10× STRABAG

WERTR.BAR KAP 23 . Will they still be converted into ordinary shares? Can anyone help me? Thank you very much in advance

The Raiffeisen Bank International ($RBI (+0,75 %) ) plans to divest its subsidiary bank Priorbank in Belarus. To this end, it is currently negotiating with Soven 1 Holding Limited from the United Arab Emirates.

If this sale materializes, the RBI would incur a loss of 225 million euros would suffer.

In addition to this loss of 225 million euros the completion of the sale would have a further negative effect on RBI's income statement of around 450 million euros have. This is due to the fact that historical currency losses have to be recognized until the sale is completed. The Belarusian rouble has 2011 compared to the euro lost much of its value against the euro.

RBI is also active in Russia, where it has also reduced its business. It is even considering selling or spinning off its subsidiary bank in Russia. In order to reduce the business risk in Russia, the RBI currently, Strabag shares ($STR (-1,35 %) ) of the Russian oligarch Oleg Deripaska to buy them. RBI hopes to close this deal by the end of March 2024 by the end of March 2024.