Austria's Strabag Q1 output rises 4%, order backlog up 18%

Strabag SE

21/05/2026 06:12

Overview

Austria construction services group's Q1 output grew 4% yr/yr despite adverse weather

Order backlog expanded 18% yr/yr to €33.1 bln, driven by new contracts in several regions

Company confirmed 2026 guidance

Outlook

Strabag confirms 2026 output guidance of approx €22 bln

Company expects 2026 EBIT margin between 5.0% and 5.5%

Net investments for 2026 forecast at no more than €1.5 bln

Result Drivers

REGIONAL OUTPUT VARIATION - Output growth in Germany and the Czech Republic offset weather-related declines in Poland and Austria

ORDER BACKLOG GROWTH - Order backlog increased due to new contracts in the Americas, Austria, the Czech Republic, and Germany, including mining and infrastructure projects

STAFF INCREASE - Higher headcount in Poland, Germany and the Czech Republic reflected the positive development of the order backlog

Company press release: ID:nEQ36vrJTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Order Backlog
EUR 33.1 bln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for STRABAG SE is €112.45, about 32.3% above its May 20 closing price of €85.00

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)