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Trading statement 9M/2025: Historic mark: order backlog exceeds EUR 30 billion for the first time

13 Nov 2025

STRABAG SE, the listed European technology group for construction services, today announced figures for the first nine months of 2025.

Output volume
The STRABAG SE Group increased its output volume by 6% to € 14,447.07 million in the first nine months of 2025. Around half of this increase is attributable to the acquisition of the Georgiou Group in Australia. In the existing markets, Poland, the Czech Republic and building construction and civil engineering in Germany recorded the strongest growth. These markets are currently handling major projects in the areas of mobility and energy infrastructure as well as industrial and high-tech buildings. Work done in the UK declined due to a shift in the timing of work on megaprojects to the following year. In Germany, the financial budget for 2025 was not approved until October as a result of the federal elections, which had a dampening effect on output in the local road construction business.

Order backlog
The order backlog increased to € 31,362.00 million as at September 30, 2025 - exceeding the € 30 billion mark for the first time in the history of STRABAG SE. In a year-on-year comparison, this corresponds to a strong increase of 24% or € 6.0 billion. Several lighthouse projects that STRABAG was able to secure in the third quarter of 2025 in line with Strategy 2030 contributed to this. The largest increases were achieved in the United Kingdom, Germany, the Czech Republic and Austria. Australia contributed around € 700 million to growth.

In the energy and water infrastructure sector, STRABAG was awarded a major water infrastructure project in the United Kingdom as part of a consortium. In Germany, the company secured another major contract for the construction of power lines, while in Austria STRABAG is building one of the largest electrolysis plants in Europe on behalf of OMV. In the area of mobility infrastructure, rail construction orders have already totaled over € 1 billion so far this year - further projects in the Czech Republic and Germany were added in the third quarter. Outside of Europe, STRABAG was commissioned with the expansion of the Reid Highway in Perth, Australia. STRABAG was also able to demonstrate its expertise in high-tech construction once again, winning the contract to build the first section of the IPAI campus for artificial intelligence in Germany.

Number of employees
In the first nine months of 2025, an average of 79,863 people (FTE) were employed, which corresponds to a year-on-year increase of 2%. The increase is due to the takeover in Australia and performance-related staff increases, particularly in Poland, the Middle East, the Czech Republic and Germany. In the Americas region, the number of employees declined due to project-related factors.

Outlook for 2025
The Executive Board is slightly lowering its performance forecast for the 2025 financial year to around € 20.5 billion. This nevertheless means year-on-year growth of around 7% and an increase in output in all operating segments. Output growth will be curbed by delays in megaprojects in the United Kingdom and the temporary absence of output in local road construction in Germany. The latter resulted from the provisional budget management in place until October due to the German parliamentary elections. In return, the EBIT margin target for the 2025 financial year has been raised to ≥ 5.0%. Net investments (cash flow from investing activities) are still forecast at a maximum of € 1.4 billion in line with the implementation of Strategy 2030.

  • The fact that our order backlog has exceeded 30 billion euros for the first time clearly shows that our focus on growth markets such as energy and water infrastructure, mobility and high-tech buildings is paying off. The consistent implementation of our Strategy 2030 is clearly reflected in our results. Despite challenges in individual markets, we continue to expect significant growth in performance for 2025 as a whole - and are demonstrating our efficiency and resilience.