37 Segment reporting

The rules of IFRS 8 Operating Segments apply to the segment reporting. IFRS 8 prescribes defining the segments and reporting the earnings on the basis of the internal reporting (management approach). Segment assets are not disclosed as these do not form part of the regular internal reporting.

The internal reporting in the STRABAG SE Group is based on Management Board areas, which also represent the segments. The settlement between the single segments is made at arm’s length prices.

The segment North + West bundles the construction activities in Germany, Switzerland, Benelux and Scandinavia as well as the ground engineering activities.

The segment South + East comprises the construction activities in Austria, Poland, Hungary, Czech Republic, Slovakia, Adriatic and Rest of Europe and the environmental engineering business. The construction materials business has been assigned to this segment as well.

The segment International + Special Divisions includes the international construction activities, tunnelling, services, real estate development and infrastructure development.

In addition, there are the Central Divisions and Central Staff Divisions, which handle services in the areas of accounting, group financing, technical development, digitalisation and innovation, machine management, quality management, logistics, legal affairs, contract management, etc. These services are included in the segment Other.

Segment reporting for the financial year 2024

T€

North + West

South + East

International + Special Divisions

Other

Reconciliation to IFRS financial statements

Group

Revenue

7,221,273

7,123,755

3,059,268

17,923

0

17,422,219

Inter-segment revenue

128,962

158,480

0

1,153,044

EBIT

692,666

387,988

-2,275

737

-17,226

1,061,890

thereof share of profit or loss of equity-accounted investments

109,267

18,576

24,781

-3,909

0

148,715

thereof construction materials, consumables and services used

-4,094,165

-4,832,210

-1,136,317

-400,321

0

-10,463,013

thereof employee benefits expense

-1,921,977

-1,432,927

-1,226,267

-324,326

0

-4,905,497

Interest and similar income

0

0

0

144,845

0

144,845

Interest expense and similar charges

0

0

0

-69,429

0

-69,429

EBT

692,666

387,988

-2,275

76,153

-17,226

1,137,306

Investments in property, plant and equipment and intangible assets

0

0

0

756,519

0

756,519

Investments in Investment property

0

0

205,562

0

0

205,562

Depreciation, amortisation and impairment losses, reversals of impairment losses

0

0

20,958

561,334

0

582,292

thereof impairment losses and reversals of impairment losses

0

0

0

2,277

0

2,277

Segment reporting for the financial year 2023

T€

North + West

South + East

International + Special Divisions

Other

Reconciliation to IFRS financial statements

Group

Revenue

7,280,187

7,344,063

2,984,478

57,812

0

17,666,540

Inter-segment revenue

139,732

189,488

0

1,081,165

EBIT

644,823

392,570

-132,104

3,300

-28,392

880,197

thereof share of profit or loss of equity-accounted investments

135,671

24,960

-16,466

-33

0

144,132

thereof construction materials, consumables and services used

-4,417,050

-5,214,747

-1,236,148

-407,135

0

-11,275,080

thereof employee benefits expense

-1,805,065

-1,297,103

-1,135,818

-302,909

0

-4,540,895

Interest and similar income

0

0

0

119,194

0

119,194

Interest expense and similar charges

0

0

0

-75,068

0

-75,068

EBT

644,823

392,570

-132,104

47,426

-28,392

924,323

Investments in property, plant and equipment and intangible assets

0

0

0

667,000

0

667,000

Depreciation, amortisation and impairment losses, reversals of impairment losses

7,454

0

20,305

510,357

0

538,116

thereof impairment losses

7,454

0

0

-12,616

0

-5,162

Reconciliation of the sum of the segment earnings to EBT according to IFRS financial statements

Income and expense in the internal reporting are essentially shown in accordance with IFRS. An exception is income taxes, including those applicable to deferred tax, which are not considered in the internal reporting.

The basis for the internal reporting is formed by all subsidiaries and participation companies. In the IFRS financial statements, earnings from companies which were not fully consolidated or reported using the equity method are only recognised in conformity with dividends, transfer of earnings and/or depreciation and amortisation. For this reason, the internal reporting does not conform with EBIT and EBT in the consolidated financial statements in terms of net income from investments.

Other minor differences result from entries in other consolidations.

Reconciliation of the internal reporting to IFRS financial statements is allocated as follows:

T€

2024

2023

Net income from investments

-9,598

-25,513

Other consolidation adjustments

-7,628

-2,879

Total

-17,226

-28,392

Breakdown of revenue by geographic region

T€

2024

2023

Germany

7,997,178

8,005,923

Austria

2,556,203

2,848,802

Rest of Europe

6,022,859

5,879,026

Rest of world

845,979

932,789

Revenue

17,422,219

17,666,540