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.

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.

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.”