STRABAG has forecast an increase in net investments for full-year 2024. Credit: Piotr Swat via Shutterstock.

STRABAG, a European technology group for construction services, has reported a stable output volume of €13.62bn ($17.33bn) during the first nine months of 2024.

In the first nine months of 2023, comparatively, the output volume was €13.64bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The company witnessed significant growth in Poland, Germany, and Italy, particularly in tunnelling and transportation infrastructure.

During the period, the company’s order backlog stood at €25.34bn, marking a 4% increase year-on-year (YoY). Germany, Poland, and Slovakia saw the largest growth, with Germany securing substantial bridge construction and energy grid expansion projects.

STRABAG anticipates an output volume of approximately €19.4bn for the full financial year. Growth is expected in the International + Special Divisions segment, with a stable forecast for the North + West segment. The earnings before interest and taxes margin target of at least 4% remains unchanged.

STRABAG has revised its net investments outlook, raising the forecast from €750m to a maximum of €800m for 2024.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

STRABAG is headquartered in Vienna, Austria, and has a workforce of nearly 86,000 employees. The company operates across the construction industry.

STRABAG CEO Klemens Haselsteiner said: “After nine months, we see ourselves confirmed in our assessment for business development in 2024. Particularly encouraging is the increase in our order backlog by around €1.9bn to €25.3bn in the year to date, a growth trend that has continued beyond the third quarter.

“The basis for this development is the good mix of new orders, above all in projects related to the energy transition. This applies in particular to our infrastructure and services business. Our order backlog already gives us good visibility towards 2026 and a solid starting position for the coming year.”