Strabag (STR) AGM 2025 summary

Opening remarks and agenda

• The meeting opened with a tribute to the late CEO, Klemens Haselsteiner, and a seamless transition to new CEO Stefan Kratochwil, who introduced himself and outlined the agenda and procedures for the AGM.

• The agenda and all required documents were made available in advance, and the meeting was conducted in accordance with legal requirements, including proxy voting and live streaming for shareholders.

Financial performance review

• 2024 saw a 1% increase in output to €19.2 billion, with strong growth in Poland and Germany offsetting declines in Austria and Hungary.

• Order backlog reached a record €25.4 billion (+8%), with notable gains in high-tech, energy infrastructure, and building solutions.

• EBIT exceeded €1 billion for the first time, up 21% year-on-year, with a margin of 6.1% (2023: 5%).

• Net cash position rose to €2.9 billion, and equity ratio stood at 34.1%.

• S&P upgraded the company’s rating to BBB+ with a stable outlook.

• The share price doubled in early 2025, with a total return of +18% in 2024, driven by strong results and capital measures.

Board and executive committee updates

• Stefan Kratochwil was appointed CEO in February 2025, bringing over 20 years of company experience and a strong focus on leadership, technology, and sustainability.

• The board remains committed to the Strategy 2030 and the Work on Progress transformation program.