STRABAG SE reaches new milestones in 2025 financial year
12 February 2026
- Output up 6%, exceeds € 20 bn for first time
- Order backlog expanded by 24% to over €31 bn through focus on growth markets
- Outlook for 2026: expected output of around € 22 bn, EBIT margin in range from 5% to 5.5%
| STRABAG SE | 2025 |
2024 |
in % |
|---|---|---|---|
| Output volume | 20,423.95 |
19,238.80 |
6% |
| Order backlog | 31,374.55 |
25,362.47 |
24% |
| Employees (FTE) | 80,211 |
78,174 |
3% |
| North + West | 2025 |
2024 |
in % |
|---|---|---|---|
| Output volume | 8,531.01 |
8,239.86 |
4% |
| Order backlog | 13,413.69 |
12,088.14 |
11% |
| Employees (FTE) | 23,161 |
22,392 |
3% |
| South + East | 2025 |
2024 |
in % |
|---|---|---|---|
| Output volume | 7,694.14 |
7,502.30 |
3% |
| Order backlog | 7,963.12 |
7,738.49 |
3% |
| Employees (FTE) | 26,218 |
26,852 |
-2% |
| International + Special Divisions | 2025 |
2024 |
in % |
|---|---|---|---|
| Output volume | 4,030.13 |
3,268.68 |
23% |
| Order backlog | 9,981.89 |
5,505.02 |
81% |
| Employees (FTE) | 22,796 |
21,255 |
7% |
| Other | 2025 |
2024 |
in % |
|---|---|---|---|
| Output volume | 168.67 |
227.96 |
-26% |
| Order backlog | 15.85 |
30.82 |
-49% |
| Employees (FTE) | 8,036 |
7,675 |
5% |
The publicly listed European technology group for construction services STRABAG SE today announced its initial figures for the 2025 financial year together with an outlook for 2026.
Output volume
The STRABAG SE Group increased its output by 6% in the 2025 financial year to € 20,423.95 million, recording growth across all operating segments. Around half of the increase is attributable to the acquisition of Australia’s Georgiou Group in the first quarter of 2025. In the existing markets, the strongest growth in output was achieved in Poland, the Czech Republic and Germany. Output declined in the United Kingdom, however, due to the deferral of output portions from major projects to subsequent years.
Order backlog
Over the course of 2025, STRABAG SE’s order backlog exceeded the € 30 billion mark for the first time, reaching € 31,374.55 million at year-end – an increase of € 6.0 billion or 24% year on year. The increase was driven primarily by strategic growth markets in mobility, energy and water infrastructure, as well as high-tech facilities. The strongest growth was recorded in the United Kingdom, Germany and the Czech Republic. Australia contributed around € 800 million to the order backlog.
In the area of energy and water infrastructure, STRABAG secured a major water infrastructure project in the United Kingdom. The company was also awarded additional contracts for power transmission lines and for the construction of the world’s largest river heat pump in Germany. In mobility infrastructure, rail construction contracts totalling € 1.3 billion were awarded in the European core markets, while in Germany STRABAG was commissioned with key construction sections of the landmark Fehmarn Sound Crossing project. In Australia, the company acquired major projects in road and bridge construction. STRABAG also further expanded its portfolio in high-tech construction, securing a mega-project in the semiconductor industry and the first phase of the IPAI campus for artificial intelligence in Germany.
EBIT margin
An EBIT margin of at least 6.5% (2024: 6.1%) is expected for the 2025 financial year, significantly exceeding the original forecast. This development is driven in particular by positive effects from major projects in Germany and in the international business, as well as mild weather conditions towards the end of the year in Germany.
Employees
In the 2025 financial year, the company had an average of 80,211 employees (FTE), representing an increase of 3% compared with the previous year. This development is attributable on the one hand to the acquisition in Australia and on the other hand to output-related increases in headcount, particularly in Poland, the Middle East and the Czech Republic. In the Americas, employee numbers declined following completion of major projects.
Outlook 2026
The Management Board expects output to increase to around € 22 billion in the 2026 financial year and anticipates higher output across all operating segments. This forecast is based on the high level of the order backlog and expected contributions from completed acquisitions.
For 2026, an EBIT margin in a range between 5% and 5.5% is expected.
Net investments (cash flow from investing activities) in 2026 are forecast at no more than € 1,400 million, reflecting in particular the acquisition of construction machinery and planned acquisitions under Strategy 2030.
The 2025 Annual and Sustainability Report is scheduled for publication on 28 April 2026 at 7:00 a.m. (CEST) at www.strabag.com.
