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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Strabag
Strabag (STR) investor relations material
Strabag Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary12 Nov, 2026
Executive summary
9M 2026 output volume rose 14% YoY to €16,487.19m; Q3 output increased 17% YoY.
Order backlog reached €34,973.10m at 30 September, up 12% YoY; FY2026 output forecast remained close to €23bn.
FY2026 EBIT margin guidance rose to 6–6.5% from 5.5–6%, reflecting stronger major infrastructure project contributions.
Financial highlights
Quarterly output growth accelerated from 4% in Q1 to 18% in Q2 and 17% in Q3.
Backlog increased €3.6bn YoY to €34,973.10m.
Average workforce was 81,695 FTEs in 9M, up 2% YoY.
Outlook and guidance
FY2026 output is forecast close to €23bn, supported by year-to-date performance and the high backlog.
FY2026 EBIT margin guidance increased to 6–6.5% from 5.5–6%, supported by major infrastructure project output and recovering asphalt paving demand.
FY2026 net investments are forecast at a maximum of €1.5bn, including machinery purchases and Strategy 2030 acquisitions.
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Latest events from Strabag
- 2030 targets: €30bn output, ≥6% EBIT margin, record backlog, and growth via diversification and tech.STR
CMD 2026 presentation - Record output, backlog, and earnings drive upgraded 2026 guidance and margin outlook.STRQ2 2026
- Diversified growth, innovation, and financial strength support sustainable value creation.STRInvestor presentation
- Record financials, strategic growth, and all AGM proposals approved with strong shareholder support.STRAGM 2025
- Record financial results, strategic growth, and sustainability milestones defined the AGM.STRAGM 2026
- Q1 2026 output rose 4% and order backlog surged 18%, with guidance reaffirmed.STRQ1 2026 TU
- Record output, order backlog, and profit growth drive strong outlook for 2026.STRH2 2025
- Record output and backlog in 2025, with strong growth and profitability outlook for 2026.STRH2 2025 TU
- Order backlog reached €31.4 billion and 2025 EBIT margin target raised to at least 5.0%.STRQ3 2025 TU
Next Strabag earnings date
Q4 202611 Feb, 2027
Strabag
Next Strabag earnings date
Q4 202611 Feb, 2027
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Frequently asked questions
Strabag SE is a prominent construction company based in Austria, engaged in civil engineering, building construction, and transportation infrastructure. The company also provides a broad range of construction materials including asphalt, concrete, cement, and stone and gravel. It operates through various business segments such as railway construction, sewer engineering, road construction, and tunnel services, and extends its services to real estate development and the management of public-private partnership projects. The company is headquartered in Vienna, Austria, and its shares are listed on the Vienna Stock Exchange.