Strabag records 4% increase in order backlog

Strabag SE recorded an order backlog of €24.4 billion as of September, up 4% from the same date in the previous year. The largest increases were achieved in the home market of Germany, particularly in building construction and civil engineering, as well as in Poland and the Middle East.

The company saw an 8% increase in revenue to €13.6 billion in the first nine months of 2023, compared to the same period of the previous year.

Strabag SE expects a new record output volume of around €18.9 billion (Photo: AdobeStock)

Growth was also recorded in Austria, followed by Romania, Poland and the United Kingdom, where the group is currently working on the two largest projects on the order books. By contrast, output is said to have fallen in the Czech Republic, Sweden and Denmark.

In Austria, the order volume remains below that of the previous year, primarily due to the tense situation in residential construction. Declines were also recorded in the Americas region due to the ongoing execution of large-scale projects.

Despite the continued challenging conditions, Strabag SE expects to achieve a total of €18.9 billion for the 2023 financial year.

“In view of the continued growth of the order backlog and the significant increase in output in the first nine months, we are raising our output forecast for 2023 from € 18.6 billion to around €18.9 billion,” said Klemens Haselsteiner, CEO of Strabag SE

Haselsteiner added, “While residential construction remains under pressure in the current environment, we are seeing positive trends in public building construction and in commercial and industrial construction. Business development in transportation infrastructure construction remains solid.”