English
Postes
45Strabag is about to take over the British specialist civil engineering company Van Elle Holdings plc ($VANL (+0 %) ). The Boards of Strabag UK Ltd and Van Elle Holdings plc have agreed the terms of a takeover. The Van Elle board will recommend that its shareholders accept the £58.8m (approx. €67.5m) offer.
https://www.report.at/bau/strabag-plant-weiteres-wachstum-im-vereinigten-koenigreich
Strabag
Porr
Bilfinger
Hochtief
Since 2024, the shares of the profiteers of data centers, cable and pipeline construction and building reconstruction Ukraine, or economic package winners.
STRABAG SE recorded extremely high demand at the start of 2026 and confirmed new record figures for the 2025 financial year. The order backlog exceeded the € 30 billion mark (approx. € 31.4 billion) for the first time.
PORR AG records strong order growth at the start of 2026, in particular due to a EUR 150m road construction order for the western bypass of Szczecin (Poland) and rail construction projects.
In 2026, Bilfinger SE will focus on growth and efficiency instead of selling significant parts of the company. The industrial services provider is planning acquisitions in the USA and the Middle East.
HOCHTIEF shares are currently experiencing a strong upswing and reached new record highs in February 2026.
StrabAG
Austria's largest construction group Strabag is expected to have achieved a higher operating profit margin in the 2025 financial year than previously thought. The EBIT margin is likely to have reached "at least 6.5 percent" - instead of the previously expected "at least 5 percent", as the company announced on Tuesday as "insider information". The forecast for construction output, on the other hand, was lowered slightly - from EUR 20.5 billion (plus 7 percent) to EUR 20.4 billion (plus 6 percent).
When the half-year results were presented in August 2025, construction output of around EUR 21 billion was still expected. The expected figure was then revised slightly downwards to around EUR 20.5 billion in mid-November and now "according to the current status" once again.
The Management Board's new assessment that "the previously forecast EBIT margin for the 2025 financial year will be significantly exceeded" is based on an "assessment of indicative key figures completed today".
"Positive effects from major projects in Germany and in international business, particularly in the infrastructure sector, were among the main reasons for the higher result," the Group explained in a press release. As in the previous year, mild weather conditions in Germany, which led to higher capacity utilization towards the end of the year, had a supporting effect.
Strabag will present the first final figures for the past financial year 2025 and the expectations for 2026 on February 12.
Jens Vollmar has not been in office as CEO of $IMPN (+0,14 %) but still has ambitious goals for the construction group.
16.01.2026 16:00
300 days: that's how long Jens Vollmar will soon have been CEO of Implenia. "He has consistently pursued the strategy of his predecessor André Wyss since taking office at the beginning of April 2025 and accelerated it in parts," says Anja Felder, Senior Financial Analyst at St.Galler Kantonalbank (SGKB), summarizing his time in office so far.
Implenia impressed the market with its figures for the first half of 2025, in which it increased its operating profit and the corresponding margin. "The market was pleased with this development, which should have further strengthened investors' confidence in Jens Vollmar as the new CEO."
After 289 days, the CEO has now made a bold statement that should give investors further hope. "We can become twice as big!" said Vollmar at Immo26, the Swiss real estate fair for investors, on Wednesday. He gave this answer to the question "What do you want to achieve with Implenia?" in a "question fire" at the end of a 25-minute talk, i.e. short questions, quick answers.
Of course, such a statement should be treated with caution if no time horizon and no specific key figures are mentioned. However, he was probably referring to key figures that measure company growth - i.e. turnover, profit, market share or company size. The 41-year-old has been with Implenia for more than 10 years and, according to Swiss law, still has 24 years of employment ahead of him - plenty of time to achieve his ambitious goal.
The CEO's statement is not entirely far-fetched. After all, the share price has doubled since he took office from CHF 40.80 to CHF 82 in January - so the doubling target has already been achieved. In addition, the prospects for business activities are also good. In Switzerland in particular, falling interest rates are increasing the willingness to invest in the real estate market, and in Germany the 500 billion euro economic stimulus package is likely to have a positive effect.
"The decisive factor will now be the extent to which the German infrastructure program is actually reflected in future figures. We assume that noticeable effects will not be visible until 2027 at the earliest," emphasizes the SGKB expert. It is also crucial that the planned investments are actually implemented and that Implenia can successfully assert itself against the competition. The clear focus on profitable growth is the right strategic path.
On Thursday, the Group announced new orders in Germany and Norway worth 350 million euros. When the half-year figures were published, the order backlog had already grown by 9.8 percent to CHF 7.8 billion. Anja Felder of SGKB is optimistic: "In our view, Implenia will be able to further increase its operating profit in the future and achieve its medium-term target of a margin of over 4.5 percent." Expectations of Implenia and its CEO Jens Vollmar are correspondingly high.
Strong project pipeline
Prior to the Q&A, Vollmar was asked in more detail about his first few months as CEO. One of his highlights was the construction group's many exciting and varied projects, especially infrastructure projects. "Under Jens Vollmar, Implenia has succeeded in winning major projects, which should have a positive impact on order intake and the visibility of future sales," emphasizes Felder.
In particular, the German-born company boss is probably referring to the rail project between Zurich and Winterthur. The federal government is planning a double-track line through the Brüttener Tunnel as well as the expansion of the Dietlikon, Bassersdorf, Wallisellen and Winterthur Töss railroad stations.
At Immo26, the new CEO also spoke of the merger of the divisions from four to three as a highlight. According to him, this was probably relatively "simple". The fact that the majority of the companies were individual contributed to a smooth transition, as Vollmar emphasizes.
The Real Estate division and the Buildings division were combined to form the Buildings unit. In addition, there is the Civil Engineering division and the new Service Solutions division, which includes the real estate service provider Wincasa, for example.
With regard to the low margins in the construction business, Jens Vollmar replied: "The industry suffers structurally from the fact that construction companies can often only differentiate themselves through price. We deliberately don't want to go down this route." Instead, Implenia is focusing on greater differentiation through selected projects in specialized areas.
Aisha Gutknecht has been working as an editor for cash.ch since July 2024.
Novo Nordisk 3.0% $NOVO B (-0,1 %) NVO
LVMH 2.0% $LVMH
Pernod Ricard 6.35% $RI (+0,33 %)
Imperial Brands 5.5% $IMB (+0,25 %)
BAT 6.2% $BATS (+0,79 %)
Sunrise Communications 8.00%
Nestle 4.05% $NESN (-2,32 %)
Roche 2.85% $ROG (+0,72 %)
Novartis 3.07% $NOVN (-1,25 %)
Shell 4.07% $SHEL (+0,25 %)
German Post 3.86% $DHL (-0,1 %)
Swisscom 3.75% $SCMN (+2,17 %)
German Telekom 3.52% $DTE (+0,44 %)
Strabag 2.72% $STR (+0,51 %)
Vonovia 4.82% $VNA (-0,69 %)
BASF 5.01% $BAS (+0,56 %)
Puma 2.8% $PUMA
Hannover Re 3.62% $HNR1 (+0,69 %)
Munich Re 3.8% $MUV2 (+0,62 %)
Allianz 4.00% $ALV (+0,01 %)
BP 5.76% $BP. (+1,35 %)
Spotify
https://open.spotify.com/episode/1zt05UZlehInr81iaZMdY5?si=e676f0a812014943
YouTube
Appple Podcast
A weak month, as expected, despite some profit-taking from mid-October - obviously too late.
My tops🚀
$ONDS (+7,54 %) (+29%)
$TSEM (-0,91 %) (+25%)
$STR (+0,51 %) (+18%)
My flops🧨
$ELF (+1,52 %) (-28%)
$9984 (+3,03 %) (-27%)
$RKLB (+5 %) (-21%)
You have to ask yourself this question by now. The day before yesterday I saw a very interesting report about road construction in Germany and whether the infrastructure package has made a difference and whether the effects are being felt.
This is not the case! Not a single new project has been financed from this package.
The CEO of $STR (+0,51 %) who gave a lengthy interview in the report, stated that so far funds have simply been taken out of the Ministry of Transport's normal budget and redistributed, and the gaps have been filled with money from the infrastructure package. This means that a large proportion of the billions will probably flow into projects that are already planned anyway and there will not be a booster.
It can therefore be assumed that the impact on the economy will be much smaller than initially assumed and that it will not be reflected as strongly in corporate balance sheets.
The semi-annual review of the Austrian indices by the Index Committee results in a change in the ATX composition.
STRABAG SE $STR (+0,51 %) and PORR AG $POS (-0,43 %) will be newly included in the leading Austrian index, replacing Telekom Austria AG $TKA (+0,47 %) and Mayr-Melnhof Karton AG $MMK (+1,05 %) .
The composition of the ATX is based on two key criteria: the average daily turnover of a share on the stock exchange (liquidity) and the freely tradable share of the company on the market (free float capitalization).
https://www.wienerborse.at/news/wiener-boerse-news/strabag-porr-atx-092025/
$STR (+0,51 %) could be in pole position.
Do you know of any other stocks that could benefit from the reconstruction of Ukraine after perhaps successful peace negotiations?
Meilleurs créateurs cette semaine
