Strabag (STR) Q3 2026 TU earnings summary

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.