STRABAG SE Trading Statement 9M/2026: dynamic growth continued in third quarter
12 November 2026
- Output up 14% in 9M/2026 and 17% in Q3/2026 year-on-year
- Order backlog remains at high level of € 35 billion (+12%)
- 2026 guidance: output of close to € 23 billion confirmed, EBIT margin raised to 6–6.5%
| STRABAG SE | 9M/2026 |
9M/2025 |
Δ % |
|---|---|---|---|
| Output voume | 16,487.19 |
14,447.07 |
14% |
| Order backlog | 34,973.10 |
31,362.00 |
12% |
| Employees (FTE) | 81,695 |
79,863 |
2% |
| North + West | 9M/2026 |
9M/2025 |
Δ % |
|---|---|---|---|
| Output volume | 7,189.46 |
5,950.05 |
21% |
| Order backlog | 14,593.90 |
13,817.71 |
6% |
| Employees (FTE) | 24,104 |
22,963 |
5% |
| South + East | 9M/2026 |
9M/2025 |
Δ % |
|---|---|---|---|
| Output volume | 5,726.71 |
5,388.57 |
6% |
| Order backlog | 8,444.89 |
8,439.31 |
0% |
| Employees (FTE) | 25,794 |
25,996 |
-1% |
| International + Special Divisions |
9M/2026 |
9M/2025 |
Δ % |
|---|---|---|---|
| Output volume | 3,432.50 |
2,981.47 |
15% |
| Order backlog | 11,910.16 |
9,087.55 |
31% |
| Employees (FTE) | 23,489 |
22,920 |
2% |
| Other | 9M/2026 |
9M/2025 |
Δ % |
|---|---|---|---|
| Output volume | 138.52 |
126.98 |
9% |
| Order backlog | 24.15 |
17.43 |
39% |
| Employees (FTE) | 8,308 |
7,984 |
4% |
STRABAG SE, the listed European technology group specialising in construction services, has today announced its figures for the first nine months of 2026.
Output volume
STRABAG SE increased its output by 14% to € 16,487.19 million in the first nine months of 2026. Following a strong second quarter, the dynamic output growth continued into the third quarter, with the output volume up 17% year-on-year. Germany made the largest contribution to growth, particularly in energy and railway infrastructure as well as high-tech industrial construction. In the United Kingdom, both progress on major projects as well as the acquisition of Van Elle contributed to output growth. The core markets of Austria, the Czech Republic and Croatia also recorded significant increases.
Order backlog
STRABAG SE’s order backlog stood at € 34,973.10 million as at 30 September 2026, an increase of 12%, or € 3.6 billion, compared with the previous year. The largest year-on-year increases were recorded in Germany and in the international business, for example in Australia and the Americas. Contributing factors included several contract packages for the construction of the Pfaffensteig Tunnel in Germany, mining contracts in Chile worth around € 800 million, and major railway construction contracts in Australia worth approximately € 490 million, all awarded in the first half of 2026.
Notable new orders in the third quarter of 2026 included the construction of a fast-charging network for electric heavy goods vehicles (eHGVs) and several industrial and healthcare facilities in Germany, the replacement of an underground railway tunnel in Berlin, and the construction of a new twin-bore motorway tunnel on the A7 in Croatia. In Austria, STRABAG was awarded the contract for the construction and the technical building services (M&E) of the new central emergency department at Klinik Favoriten hospital. The company also secured further road construction projects in Eastern Europe, including the expansion of the A2 motorway in Poland.
Following the end of the reporting period, STRABAG, as part of a consortium, was also confirmed as the preferred bidder for the D35 public-private partnership (PPP) project in the Czech Republic. With a total value of approximately € 2.9 billion over the concession period, it is the country’s largest motorway PPP project to date.
Employees
STRABAG SE employed an average of 81,695 people (FTEs) in the first nine months of 2026, an increase of 2% compared with the same period of the previous year. The largest increases in headcount were recorded in Germany and the United Kingdom, primarily due to capacity expansion to deliver major projects and as a result of the acquisitions of Van Elle and the WTE Group. Headcount in the Americas, meanwhile, declined as major projects progressed towards completion.
Outlook for the full year 2026
The Management Board is maintaining its 2026 output forecast, as raised in August. Based on output performance in the year to date and the persistently high order backlog, the output volume is expected to reach close to € 23 billion. Higher-than-expected output contributions from major infrastructure projects and a recovery in demand for asphalt paving in the North + West segment are having a positive impact on earnings. Against this backdrop, the EBIT margin for 2026 is now expected to be in the range of 6–6.5% (previously: 5.5–6%). The forecast for net investments (cash flow from investing activities) of a maximum of € 1.5 billion remains unchanged. In addition to the purchase of construction machinery, this primarily reflects acquisitions under Strategy 2030.
