Order backlog
Order Backlog by segment as at 31 December 2023
€ mn | Total 2023 | North + West | South + East | Inter-national + Special Divisions | Other | Total 2022 | Δ Total % | Δ Total absolute |
Germany | 12,544 | 10,750 | 432 | 1,341 | 21 | 11,154 | 12 | 1,390 |
Austria | 2,360 | 48 | 2,026 | 286 | 0 | 2,992 | -21 | -632 |
Poland | 1,944 | 1 | 1,906 | 37 | 0 | 1,634 | 19 | 310 |
United Kingdom | 1,794 | 7 | 5 | 1,782 | 0 | 2,216 | -19 | -422 |
Czech Republic | 939 | 0 | 935 | 3 | 1 | 993 | -5 | -54 |
Americas | 614 | 0 | 0 | 614 | 0 | 883 | -30 | -269 |
Romania | 496 | 13 | 479 | 4 | 0 | 567 | -13 | -71 |
Middle East | 462 | 0 | 27 | 435 | 0 | 256 | 80 | 206 |
Italy | 459 | 0 | 2 | 457 | 0 | 374 | 23 | 85 |
Hungary | 348 | 0 | 348 | 0 | 0 | 719 | -52 | -371 |
Croatia | 323 | 0 | 323 | 0 | 0 | 408 | -21 | -85 |
Slovakia | 232 | 0 | 225 | 7 | 0 | 320 | -28 | -88 |
Rest of Europe | 192 | 0 | 182 | 7 | 3 | 270 | -29 | -78 |
Asia | 175 | 0 | 12 | 163 | 0 | 253 | -31 | -78 |
Benelux | 158 | 147 | 0 | 11 | 0 | 220 | -28 | -62 |
Switzerland | 111 | 104 | 5 | 2 | 0 | 101 | 10 | 10 |
Sweden | 108 | 108 | 0 | 0 | 0 | 98 | 10 | 10 |
Slovenia | 59 | 0 | 59 | 0 | 0 | 95 | -38 | -36 |
Africa | 53 | 0 | 43 | 10 | 0 | 72 | -26 | -19 |
Serbia | 49 | 0 | 49 | 0 | 0 | 67 | -27 | -18 |
Denmark | 29 | 29 | 0 | 0 | 0 | 16 | 81 | 13 |
Bulgaria | 17 | 0 | 16 | 1 | 0 | 31 | -45 | -14 |
Total | 23,466 | 11,207 | 7,074 | 5,160 | 25 | 23,739 | -1 | -273 |
€ 23.5 billion
Order backlog
Despite sharp declines on the residential construction market, the order backlog remained more or less stable at a very high level of € 23,466.13 million (-1% compared to 31 December 2022). The order backlog grew in Germany, primarily in building construction and civil engineering, in Poland, and in the Middle East, among other regions. As a result of the current interest rate level and the stricter lending guidelines for mortgage loans compared to the rest of Europe, the order backlog in Austria remained below the above-average level of the previous year. The decline in the United Kingdom and in the Americas can be explained by the gradual completion of major projects in those regions.
Development of order backlog
Additions to the order backlog in Germany include the expansion of the U5 subway lines in Hamburg and Munich, the turnkey construction of a replacement building for Ruhr University in Bochum, and the construction of the sustainable office building Inspire Neukölln in Berlin. In the Middle East, infrastructure and building construction projects worth around € 383 million were acquired in the United Arab Emirates, Oman and Qatar. In the Czech Republic, the Group was awarded the contract to modernise the Masaryk railroad station in Prague, while in Poland STRABAG is constructing a production and logistics building for Cognor S. A. and building the country’s third longest bridge over the river San near the city of Stalowa Wola.
Construction sites included in the order backlog as at 31 December 2023
Category | Number of construction sites | Number of construction sites as % of total | Order backlog € mn | Order backlog as % of total |
Small orders (€ 0–1 mn) | 10,184 | 79 | 2,028 | 9 |
Medium-sized orders (€ 1–15 mn) | 2,153 | 17 | 3,734 | 16 |
Large orders (€ 15–50 mn) | 321 | 3 | 4,258 | 18 |
Very large orders (>€ 50 mn) | 171 | 1 | 13,446 | 57 |
Total | 12,828 | 100 | 23,466 | 100 |
The total order backlog is comprised of 12,828 individual projects. More than 10,100 of these, or 79%, involve small orders with a volume of up to € 1 million each; the remaining proportion of 21% covers medium-sized to very large orders with contract volumes of € 1 million and up. A total of merely 171 projects have a volume above € 50 million. The high number of individual contracts guarantees that the risk involved with one project does not, as far as possible, threaten the group success as a whole. The ten largest projects in the order backlog as at 31 December 2023 added up to 21% of the order backlog.
Selected large projects in the order backlog as at 31 December 2023
Country | Project | Order backlog € mn | As % of total Group order backlog |
United Kingdom | HS2 high-speed rail line | 1,176 | 5.0 |
Germany | US hospital, Weilerbach | 627 | 2.7 |
Germany | Bayerische Versorgungskammer | 595 | 2.5 |
United Kingdom | Woodsmith Project | 592 | 2.5 |
Germany | U5 East, Hamburg | 580 | 2.5 |
Germany | Central Business Tower | 393 | 1.7 |
Germany | Stuttgart 21, underground railway station | 283 | 1.2 |
Germany | Replacement building, Ruhr University Bochum | 270 | 1.2 |
Canada | Scarborough Subway Extension Line 2 | 268 | 1.1 |
Germany | Friedrichspark Berlin | 171 | 0.7 |
Total | 4,955 | 21.1 |