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Investing.com -- Austrian construction services firm Strabag (VIE:STRV) posted a strong start to 2025, with output volume rising 8% year-on-year to €3.72 billion in Q1.
Growth was supported by the consolidation of Australia’s Georgiou Group, which contributed significantly to international activity. Core markets such as Poland, Austria and Germany also delivered notable output increases, especially in building solutions.
The order backlog reached a new record of €28.05 billion, up 14% from the previous year. Key wins came from high-tech construction sectors, including semiconductors, data centres, and medical manufacturing, alongside major energy and rail infrastructure projects.
Roughly €751 million of the order growth came from the new Australian business, Strabag said.
Regionally, output rose 2% in North + West and 43% in International + Special Divisions. South + East recorded a 4% decline, mainly due to project phasing.
“Double-digit growth rates were recorded in major Group markets – especially in Germany, Austria, the Czech Republic and Slovakia. In the United Kingdom (TADAWUL:4280) and the Americas, the gradual completion of major projects led to a decline in the order volume,” the report said.
Strabag confirmed its full-year targets. Management expects output volume of approximately €21 billion in 2025, with an EBIT margin of at least 4.5%, an upgrade from the prior 4% floor.
Net capex is expected to stay below €1.1 billion, aligned with its Strategy 2030 framework.
“The dynamic trend from last year continued into the first quarter of 2025,” said Strabag CEO Stefan Kratochwill in the release.
He noted the results send a “strong signal” and reinforce confidence in the company’s long-term trajectory.