Strabag (STR) CMD 2026 presentation summary

Strategy 2030 Update and Progress

• Output volume guidance for 2026 raised to nearly €23bn, up from €17.7bn in 2022, with a CAGR of 7% since strategy launch.

• Order backlog reached €36bn in 6M 2026, up from €23.7bn in 2022, supporting selective bidding and margin focus; international order backlog share rose from 4% to 11%.

• EBIT margin guidance for 2026 increased to 5.5–6%, compared to 4.2% in 2022, with a through-the-cycle target of at least 6% by 2030.

• Geographic diversification advanced, with significant expansion in the UK, Americas, and Australia, and strengthened core markets in Germany, Austria, and CEE.

• Four strategic pillars: geographic diversification, expansion in attractive business fields, increased in-house value creation, and technology leadership.

Growth Markets and Business Development

• Business mix shifted toward growth markets: mobility infrastructure, energy & water, high-tech facilities, and building decarbonisation, now accounting for 62% of order backlog, up from 51% in 2022.

• PPP project volume increased by 50% since 2022 to over €15bn, boosting recurring revenue.

• Notable projects include the HARP water infrastructure in the UK, semiconductor fabs, and the IPAI Campus in Heilbronn.

• Defence infrastructure identified as an additional catalyst, with significant projects in CEE and Germany.

• Expansion into new sectors and geographies, with local platforms established in key growth markets.

Operational Strengths and Technology

• Maintains high in-house value creation with 90,000 employees, 550+ production sites, and a large equipment fleet, supporting supply security and resilient margins.

• Technology leadership emphasized through BIM 5D®, AI, robotics, and industrial construction methods; advances in digitalization include integrating BIM and GIS data, and deploying AI for design, risk management, and process optimization.

• Integrated value chain with >70% self-performed delivery in infrastructure and >80% in-house asphalt production.

• Building decarbonisation business expanded, leveraging integrated FM and MEP solutions and digital tools for energy optimisation.

• Own renewable energy asset pipeline of 414 MWac under development, with 26.3 MWac in operation.