18 Equity-accounted investments

As at 31 December 2024, provisions amounting to T€ 4,000 (2023: T€ 9,044) and impairment allowances on receivables in connection with equity-accounted investments in the amount of T€ 10,477 (2023: T€ 10,256) were recognised. Changes in provisions recognised in profit or loss are reported under income or expenses from equity-accounted investments.

Notes on associates

Holcim Cement CE Holding GmbH, Vienna, is a significant associate. The group’s share of the capital and voting rights amounts to 30%. The company is accounted for using the equity method. We also refer to item (39) Notes on related parties.

The following financial information concerns the consolidated financial statements prepared in accordance with IFRS.

The financial information presented here can be transferred to the equity carrying amount of the Holcim Cement CE Holding GmbH in the consolidated financial statements as follows:

Another significant associate is CMBlu Energy AG, Alzenau. STRABAG SE acquired a further 16.92% of the shares in the 2024 financial year, bringing the Group’s total equity interest to 31.21% as of the reporting date. In addition, STRABAG has the right to appoint a member to the company’s Supervisory Board.

In the course of the share purchase, the other shareholders were granted call options. At the beginning of 2025, STRABAG therefore resold 5.85% of the shares at cost.

The following financial information concerns the preliminary consolidated financial statements prepared in accordance with IFRS.

The financial information presented here can be transferred to the equity carrying amount of CMBlu Energy AG in the consolidated financial statements as follows:

The following table arranges in aggregate form the carrying amount and the group’s share of the profit and other comprehensive income from associates that would be immaterial by themselves:

Notes on joint ventures

The following table arranges in aggregate form the carrying amount and the group’s share of the profit and other comprehensive income from joint ventures that would be immaterial by themselves:

Notes on accumulated losses from equity-accounted investments

Proportionate losses from equity-accounted investments in the amount of T€ 3,914 (2023: T€ 4,845) were not recognised in profit or loss, as the carrying amounts of these investments already are T€ 0.

Notes on consortia

The group classifies construction consortia as joint ventures and records their earnings under share of profit or loss of equity-accounted investments. The following table shows the group’s ten most important consortia with regard to the output volume in the 2024 financial year.

The financial information in the 2024 financial year on these consortia is presented 100% and before consolidation and valuation approaches deviating from the consortia balance sheet if applicable.

In the 2024 financial year, the share of profit or loss of equity-accounted investments recorded for the above-mentioned consortia included T€ 76,172 in profits from consortia and T€ 17,274 in losses from consortia including impending losses.

The financial information in the 2023 financial year on these consortia is presented 100% and before consolidation and valuation approaches deviating from the consortia balance sheet if applicable.

In the 2023 financial year, the share of profit or loss of equity-accounted investments recorded for the above-mentioned consortia included T€ 36,601 in profits from consortia and T€ 37,623 in losses from consortia including impending losses.

The business transactions with the consortia in the financial year can be presented as follows: