3Mes·

Since my $DHL (+0,13%) limit for the purchase in August did not work out, the choice was now between $CWC (+0,88%) and $STR (+0,57%)

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?

attachment
06.09
STRABAG AT logo
Acquistato x267 a 37,45 €
9.999,15 €
16
6 Commenti

immagine del profilo
@Smudeo Thanks for the information;
I have been a shareholder since the IPO (€ 47) and am still on board; in the meantime I have also made additional purchases from time to time
3
immagine del profilo
Yes, we are sticking with the share and will also buy more. Because bridges and highways are broken everywhere here in Germany.
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immagine del profilo
I am not currently invested, but it is on my watchlist. Strabag is back in an interesting price range.
1
Fun fact, I was at the HQ when the UA ambassador came and contracts were signed to rebuild Ukraine. $POS I think it's even better, even if it has gone a bit worse at the moment. According to my military analysis, Ukraine has no realistic chance of getting back every qm. I can explain why. I think both construction companies are so big and also active abroad that it won't be a neck breaker now, but if they capitulate and there is a correction, you will remember my comment.
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