Strabag (STR) AGM 2025 summary

Opening remarks and agenda

• The meeting was opened by the chair of the supervisory board, confirming full attendance of board and supervisory members, and compliance with legal requirements for convening and documentation.

• The agenda was presented, with all proposals and reports made available to shareholders, and the process for questions and voting explained.

Board and executive committee updates

• The sudden passing of the previous CEO in January 2025 was acknowledged, with his strategic legacy emphasized.

• Stefan Kratochwil was appointed as the new CEO, bringing over 20 years of company experience and deep involvement in the 2030 strategy.

• The board highlighted its focus on automation, digitalization, and sustainability, and introduced the new board team.

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 surpassed €25 billion for the first time, ending at €25.4 billion (+8%).

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

• 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.