Order backlog

Order backlog by country and segment as at 31 December 2025

€ mn

Total 2025

North + West

South + East

Inter-national + Special Divisions

Other

Total 2024

Δ Total %

Δ Total absolute

Germany

14,627

12,779

296

1,539

13

13,653

7

974

United Kingdom

4,443

0

3

4,440

0

1,259

> 100

3,184

Austria

2,657

34

2,020

603

0

2,565

4

92

Poland

2,109

1

1,944

164

0

2,235

-6

-126

Czech Republic

1,512

3

1,336

170

3

1,030

47

482

Middle East

876

0

0

876

0

479

83

397

Australia

793

0

0

793

0

0

n.a.

793

Americas

608

0

0

608

0

695

-13

-87

Romania

574

15

518

41

0

653

-12

-79

Hungary

562

0

562

0

0

417

35

145

Slovakia

497

0

435

62

0

425

17

72

Croatia

490

0

409

81

0

450

9

40

Italy

382

3

0

379

0

411

-7

-29

Benelux

328

282

0

46

0

213

54

115

Slovenia

241

0

241

0

0

204

18

37

Switzerland

168

159

1

8

0

130

29

38

Sweden

131

111

0

20

0

129

2

2

Rest of Europe

117

1

93

23

0

133

-12

-16

Asia

108

1

0

107

0

125

-14

-17

Serbia

91

0

74

17

0

66

38

25

Bulgaria

31

0

31

0

0

39

-21

-8

Denmark

25

25

0

0

0

24

4

1

Africa

5

0

0

5

0

27

-81

-22

Total

31,375

13,414

7,963

9,982

16

25,362

24

6,013

31.4billion

Order backlog

Over the course of 2025, STRABAG SE’s order backlog exceeded the € 30 billion mark for the first time, reaching € 31,374.55 million at year-end – an increase of € 6.0 billion or 24% year on year. The increase was driven primarily by strategic growth markets in mobility, energy and water infrastructure, as well as high-tech construction. The strongest growth was recorded in the United Kingdom, Germany and the Czech Republic. Australia contributed around € 800 million to the order backlog.

Development of order backlog

In the energy and water infrastructure segment, STRABAG secured a major water infrastructure project in the United Kingdom. The company was also awarded additional contracts for power transmission lines and for the construction of the world’s largest river heat pump in Germany.

In mobility infrastructure, rail construction contracts totalling € 1.3 billion were awarded in the European core markets, while in Germany STRABAG was commissioned with key construction sections of the landmark Fehmarn Sound Crossing project. In Australia, the company acquired major projects in road and bridge construction.

STRABAG also further expanded its portfolio in high-tech construction, securing a major project in the semiconductor industry and under a joint venture agreement the first phase of the IPAI campus for artificial intelligence in Germany.

Construction sites included in the order backlog as at 31 December 2025

Category

Number of construction sites

Number of construction sites as % of total

Order backlog € mn

Order backlog as % of total

Very small orders (€ 0–1 mn)

11,276

80

2,326

8

Small orders (€ 1–15 mn)

2,256

16

4,288

14

Medium-sized orders (€ 15–70 mn)

391

3

6,305

20

Large orders (€ 70–150 mn)

79

<1

3,894

12

Very large orders (>€ 150 mn)

65

<1

14,561

46

Total

14,067

100

31,375

100

The total order backlog is comprised of 14,067 individual projects. Approximately 13,500 of these, or 96%, involve very small or small orders with a volume of up to € 15 million each; the remaining proportion of 4% covers medium-sized to very large orders with contract volumes of € 15 million and up. A total of merely 65 projects have a volume above € 150 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.

Selected large projects in the order backlog as at 31 December 2025

Country

Project

Order backlog € mn

As % of total Group order backlog

United Kingdom

Haweswater Aqueduct Resilience Programme (HARP)

2,636

8.4

United Kingdom

HS2 high-speed rail line

1,327

4.2

Germany

U5 East, Hamburg

431

1.4

Germany

Bayerische Versorgungskammer

430

1.4

Germany

US hospital, Weilerbach

411

1.3

Germany

Lock Kriegenbrunn

316

1.0

Germany

Central Business Tower

297

1.0

United Kingdom

Woodsmith Project

274

0.9

Czech Republic

Railway junction at Česká Třebová

224

0.7

Canada

Scarborough Subway Extension Line 2

207

0.7

Total

6,553

21.0