Key figures in detail

Key financial figures

2021

2022

2023

2024

Δ %

2025

Output volume (€ mn)

16,128.92

17,735.47

19,139.14

19,238.80

6

20,423.95

Order backlog (€ mn)

22,500.85

23,738.84

23,466.13

25,362.47

24

31,374.55

Employees (FTE)

73,606

73,740

77,136

78,174

3

80,211

Key earnings figures

2021

2022

2023

2024

Δ %

2025

Revenue (€ mn)

15,298.54

17,025.85

17,666.54

17,422.22

7

18,714.28

EBITDA (€ mn)

1,445.72

1,257.21

1,418.31

1,644.18

15

1,882.82

EBITDA margin (% of revenue)

9.5

7.4

8.0

9.4

10.1

EBIT (€ mn)

896.11

706.40

880.20

1,061.89

17

1,247.23

EBIT margin (% of revenue)

5.9

4.2

5.0

6.1

6.7

EBT (€ mn)

883.54

717.07

924.32

1,137.31

13

1,288.20

Net income (€ mn)

596.40

480.13

633.39

828.33

11

920.96

Net income after minorities (€ mn)

585.71

472.45

630.51

823.00

11

916.28

Earnings per share (€)

5.71

4.60

6.30

7.35

8

7.94

ROCE (%)

10.9

9.2

12.2

14.5

14.5

Key balance sheet figures

2021

2022

2023

2024

Δ %

2025

Equity (€ mn)

4,071.82

4,025.24

4,409.36

5,000.37

14

5,684.02

Equity ratio (%)

33.3

31.7

32.2

34.1

35.9

Net debt (€ mn)

-1,937.18

-1,927.70

-2,643.24

-2,905.25

-21

-3,518.26

Balance sheet total (€ mn)

12,225.77

12,683.76

13,706.21

14,674.58

8

15,845.94

Cash flow

2021

2022

2023

2024

Δ %

2025

Cash flow from operating activities (€ mn)

1,220.56

812.86

1,816.51

1,387.21

30

1,802.66

Cash flow from investing activities (€ mn)

-377.56

-560.42

-654.87

-749.54

-9

-813.35

Investments in property, plant and equipment, and in intangible assets (€ mn)

456.34

630.52

540.97

644.58

3

664.97

Depreciation excluding financial assets

549.61

550.81

538.12

582.29

9

635.58

Cash flow from financing activities (€ mn)

-743.90

-503.66

-430.58

-353.69

-16

-409.58

ESG performance

2024

Δ %

2025

Greenhouse gas intensity (t CO2e / T€)

0.58

-12

0.51

Energy intensity (MWh / T€)

0.19

-7

0.18

Total energy consumption (MWh)

3,390,866

-3

3,290,497

Work-related accident rate (Number of accidents at work per 1 million working hours)

13.2

-7

12.3

‘Basic Compliance Training’ training coverage (%)

93

95

Key share indicators and rating

2021

2022

20231

2024

Δ %

2025

Closing price at year’s end (€)

36.65

39.10

41.40 / 41.40

39.50

105

81.00

Year’s high (€)

43.20

43.75

41.90 / 42.00

44.75

104

91.30

Year’s low (€)

27.90

32.75

36.00 / 36.00

36.25

11

40.40

Outstanding bearer shares at year’s end (shares)

102,599,997

102,599,997

40,112,066 / 62,487,931

118,221,979

118,221,979

Market capitalisation at year’s end (€ bn)

3.8

4.0

1.7 / 2.6

4.7

104

9.6

Dividend per share (€)

2.00

2.00

2.20

2.50

2.902

Dividend payout ratio (%)

35

43

414

34

373

S&P Rating

BBB

BBB

BBB

BBB+

BBB+

1STRABAG shares AT000000STR1 / AT0000A36HH9 (existed from 6 October 2023 until 26 March 2024)

2Dividend proposal by the Management Board

3Based on the dividend proposal by the Management Board

4Based on the dividend of € 2.20 and in relation to the increased share capital of 118,221,982 shares