Investor relations
STRABAG SE has been listed in the Vienna Stock Exchange’s top Prime Market segment since 2007. With a market capitalisation of approximately € 9.6 billion at the end of 2025, STRABAG is one of Austria’s largest listed companies.
The STRABAG SE share
The 2025 stock market year developed positively overall, although the announcement of new US tariffs at the beginning of April temporarily led to a significant decline on international equity markets. With inflation rates falling, the European Central Bank continued its course of monetary easing. From the autumn onwards, the US Federal Reserve also gradually reduced its key interest rate, thereby supporting the global market environment.
Artificial intelligence (AI) acted as a growth driver, particularly benefiting technology stocks. Over the course of the year, the recovery increasingly extended to other sectors and regions. Financial stocks in particular benefited from the changed interest rate environment and economic climate. In Europe and the United Kingdom, banks, insurers and companies from the construction, building materials and raw materials sectors contributed in particular to positive market developments. At the same time, global economic outlook remained mixed across regions, while trade and geopolitical issues repeatedly led to heightened volatility.
These conditions were reflected in the major stock market indexes: the MSCI World achieved +19%, confirming the global recovery. The German DAX rose by 23%, supported by cyclical industrial stocks and the prospect of lower interest rates. The Euro Stoxx 50 also recorded significant gains (+18%), while the UK benchmark index FTSE 100 achieved its highest annual increase since 2009 at +22%. In the United States, robust corporate earnings and later monetary policy easing led to a gain of 13% in the Dow Jones Industrial Average despite interim trade policy uncertainties.
On the Austrian capital market, the benchmark index ATX reached new record highs and closed the year with an increase of 45%, driven in particular by banks and insurers, construction and industrial stocks, and the strong CEE exposure of the index members. The STOXX Europe 600 Construction & Materials rose by 22% over the year, benefiting from improved sentiment in the European construction sector following a subdued previous year.
STRABAG SE share price vs. benchmark indexes 2025
Trade volume of STRABAG SE shares vs. share price 2025
€81.00
STRABAG SE share price at year’s end 2025
The STRABAG SE share (ISIN AT000000STR1) was included in the Austrian benchmark index ATX on 22 September 2025 due to significantly increased trading liquidity combined with a substantially higher free float market capitalisation. The company’s inclusion in the index underscores its improved market presence and visibility within the Vienna Stock Exchange’s Prime Market segment.
The shares closed the year at € 81.00, representing an exceptionally strong annual performance of +105%. With this development, STRABAG ranked among the strongest ATX constituents, confirming the increased interest of institutional and private investors. During the reporting year, the company’s shares showed a pronounced upward movement and traded within a range between € 40.40 (3 January 2025) and € 91.30 (19 August 2025).
Key share indicators
2021 | 2022 | 20231 | 2024 | 2025 | |
STRABAG share AT000000STR1 | |||||
Closing price at year’s end (€) | 36.65 | 39.10 | 41.40 | 39.50 | 81.00 |
Year’s high (€) | 43.20 | 43.75 | 41.90 | 44.75 | 91.30 |
Year’s low (€) | 27.90 | 32.75 | 36.00 | 36.25 | 40.40 |
Year’s average (€) | 35.19 | 38.56 | 38.39 | 39.95 | 71.24 |
Outstanding bearer shares at year’s end (shares) | 102,599,997 | 102,599,997 | 102,599,997 | 118,221,979 | 118,221,979 |
Average trade volume per day (€ mn)2 | 1.4 | 2.0 | 1.3 | 0.8 | 6.2 |
Number of STRABAG SE shares traded (shares)2 | 10,162,508 | 13,220,734 | 8,581,074 | 5,120,596 | 21,712,264 |
Volume of STRABAG SE shares traded (€ bn)2 | 0.4 | 0.5 | 0.3 | 0.2 | 1.6 |
P/E ratio on 31 December | 6 | 9 | 7 | 5 | 10 |
Earnings per share (€) | 5.71 | 4.60 | 6.30 | 7.35 | 7.94 |
Book value per share (€) | 39.4 | 39.0 | 42.8 | 42.1 | 47.9 |
Market capitalisation at year’s end (€ bn) | 3.8 | 4.0 | 4.3 | 4.7 | 9.6 |
Dividend per share (€) | 2.00 | 2.00 | 2.20 | 2.50 | 2.903 |
Dividend payout ratio (%) | 35 | 43 | 416 | 34 | 374 |
Dividend yield (%) | 5.7 | 5.2 | 5.75 | 6.35 | 4.1 |
Share capital (€ mn) | 103 | 103 | 103 | 118 | 118 |
1Including: ISIN AT0000A36HH9 (existed from 6 October 2023 until 26 March 2024): Closing price at year’s end € 41.40, year’s high € 42.00, year’s low € 36.00
2Double count
3Dividend proposal by the Management Board
4Based on the dividend proposal by the Management Board
5Calculated on the basis of the year’s average share price of the STRABAG share AT000000STR1
6Based on the dividend of € 2.20 and in relation to the increased share capital of 118,221,982 shares
Shareholder structure
Shareholder structure as at 31 Dec 2025
Free float distribution as at January 2026
The ownership structure of STRABAG SE changed as follows during the 2025 financial year: On 18 March 2025 and 14 October 2025, Haselsteiner Familien-Privatstiftung sold a total of 4,500,000 STRABAG shares to institutional investors in two accelerated bookbuilding processes. On 30 May 2025, UNIQA Österreich Versicherungen AG placed a further 1,800,000 STRABAG shares with institutional investors, also by way of an accelerated bookbuilding process.
To the best of the company’s knowledge, apart from the shareholder groups listed below, no other investor holds more than 5% of the shares. As at 31 December 2025, the shareholder structure is therefore as follows:
- Haselsteiner family: 26.9%
- Raiffeisen/UNIQA: 30.4%
- MKAO “Rasperia Trading Limited”: 24.1%
- Free float: 16.2%
- Own shares: 2.4%
In January 2026, we commissioned a shareholder ID to determine the composition of the free float. As a result of private placements by the Haselsteiner Familien-Privatstiftung and UNIQA Österreich Versicherungen AG, the free float increased in 2025 from 10.9% to 16.2%. Year on year, the institutional free float was expanded in particular in continental Europe (excluding Austria), the United Kingdom, Ireland and North America. The proportion of retail investors also rose compared with the previous year, underlining the growing interest of both domestic and international private investors.
On 18 February 2026, Raiffeisen Holding NÖ-Wien sold 2,083,855 STRABAG shares to institutional investors by way of an accelerated private placement (accelerated bookbuilding). The volume corresponds to 1.76% of the company’s share capital. As a result of this transaction, the free float increased to 18.0%. Following settlement of the transaction on 23 February 2026, the interest held by Raiffeisen/UNIQA in STRABAG SE amounts to approximately 28.6%. The holdings of the other shareholder groups remained unchanged.
The shares held by MKAO “Rasperia Trading Limited” have been frozen since 8 April 2022 in accordance with EU sanctions. As a result, all rights attached to the STRABAG SE shares held by MKAO “Rasperia Trading Limited” are suspended.
Further information can be found in item 38 of the Notes.
Dividend
€2.90per share
Proposed dividend
STRABAG attaches importance to a reliable dividend policy. The Management Board remains committed to its objective of distributing 30%–50% of the Group’s net income after minorities to company shareholders in the form of a dividend each year. The exact ratio is determined by the general development of the business as well as by the Group’s opportunities for growth. Accordingly, the Management Board will propose to the Annual General Meeting on 12 June 2026 a dividend of € 2.90 per dividend-bearing share for the 2025 financial year. This brings the payout ratio to 37%. Based on the weighted average price of the STRABAG SE share in 2025, this corresponds to a dividend yield of 4.1%.
Earnings per share and dividend
Past General Meetings
The agenda of the 21st Annual General Meeting of STRABAG SE on 13 June 2025 comprised eight items, all of which were adopted with the required majorities. Among other matters, the Annual General Meeting resolved to distribute a dividend of € 2.50 per share for the 2024 financial year. Sebastian Haselsteiner was also elected as a new member of the Supervisory Board.
The action brought by Rasperia against the resolutions of the 18th Annual General Meeting of 24 June 2022 as well as the action brought by Rasperia against the resolutions of the Extraordinary General Meeting of 5 May 2022 remain pending.
Annual General Meeting 2026
The next Annual General Meeting will be held on 12 June 2026. The record date for confirmation of shareholding is 2 June 2026. Details regarding the correct procedure can be found on the website of STRABAG SE.
Corporate credit rating
BBB+, stable
S&P confirms corporate credit rating in 2025
STRABAG SE and any bonds it issues are regularly rated by the international ratings agency Standard & Poor’s (S&P). The company consistently maintained a solid investment-grade rating of BBB from 2015 until September 2024, when S&P raised the rating one notch to BBB+ with stable outlook. This rating was most recently confirmed in September 2025. S&P’s decision is based on STRABAG SE’s continued solid operating performance, which is supported by a high order backlog. As key factors for the rating, the agency also highlights the broadly diversified, vertically integrated business model, consistent risk management and strong market positions in the Group’s core markets.
Investor relations activities
In addition to the mandatory semi-annual financial reporting and the trading statements for the first and third quarters, we also maintained a close dialogue with the capital market during the 2025 financial year. In total, we informed 225 capital market participants (2024: 115) in 152 one-on-ones and group talks (2024: 40) last year. We also took part in nine roadshows and investor conferences (2024: five) organised by Montega, Raiffeisen Bank International, Vienna Stock Exchange, ODDO BHF, Baader Bank, Erste Group, Kepler Cheuvreux and UniCredit.
Our corporate calendar contains all the dates for upcoming earnings announcements and the Annual General Meeting. The calendar is available on the website of STRABAG SE.
Analyst research provides current and potential investors with initial guidance for assessing our company. At this time, STRABAG SE is regularly analysed by six banks:
- Erste Group, Vienna (Michael Marschallinger)
- Kepler Cheuvreux, Vienna (n/a)
- LBBW, Stuttgart (Jens Münstermann)
- Metzler, Frankfurt/Main (Nikolas Demeter)
- ODDO BHF, Vienna (Markus Remis)
- Raiffeisen Research (Gregor Koppensteiner)
Information about STRABAG SE
The Investor Relations department of STRABAG SE reports directly to the CEO and sees itself as a service centre for existing and potential private shareholders, institutional investors and analysts, as well as a point of contact for capital market matters within the Group’s operating units. For us, short response times, comprehensive information and continuous dialogue with the capital market and the public are a matter of course. We attach importance to informing all shareholder groups quickly and simultaneously. Our aim is to keep our investor relations activities strong, with a steady flow of information, and to support analysts in correctly evaluating the STRABAG SE shares. If you would like to receive investor information from us as well, you can subscribe to the Investor Relations newsletter on the website of STRABAG SE or contact us by phone.
STRABAG SE
Investor Relations
Marco Reiter
Head of Investor Relations
Donau-City-Str. 9, 1220 Vienna / Austria
IR hotline: +43 800 880 890 (toll-free in Austria)
@ investor.relations@strabag.com