Key developments

In the first half of the year, STRABAG secured major contracts with a combined value of more than € 1 billion for the construction and upgrading of road and rail infrastructure in Eastern Europe. Projects include the construction of a key section of the Northern Corridor in Slovenia, approximately 26 km of new motorway along the D35 in the Czech Republic, and the design and modernisation of the roads DK25 and A2 in Poland. As part of the EU-funded Tram for Łódź urban development project, STRABAG has also been commissioned to upgrade several roads and is modernising a 31 km railway line between Maksymilianowo and Wierzchucin.

STRABAG is delivering a mixed-use urban development project, B’Ella Berlin, comprising around 300 residential units, including subsidised housing, a day-care centre and modern office, commercial and communal spaces. The project meets ambitious environmental and social sustainability standards, with an energy supply that will rely entirely on geothermal sources and photovoltaic systems, eliminating the use of fossil fuels. Well-being features, such as quiet areas, and generous bicycle parking complement the concept. DGNB Platinum certification is being sought for the entire development.

In February, STRABAG secured two strategically important contracts from Codelco for the Chuquicamata Mina Norte underground mine, marking one of the company’s largest mining projects in Chile to date. The project forms part of the transformation of the world’s largest open-pit copper mine into an underground mining operation, extending its operating life by several decades while improving its environmental footprint. STRABAG has operated successfully in Chile for almost 40 years, delivering complex mining, tunnelling and energy infrastructure projects.

STRABAG SE successfully completed the acquisition of WTE Wassertechnik in March 2026. The transaction increases STRABAG’s annual output volume in water infrastructure by approximately € 300 million and marks another milestone in implementing its Strategy 2030. At the same time, the company is systematically expanding its presence in this high-growth market, positioning itself as a full-service provider across the entire water infrastructure value chain – from project development, planning and construction to operation, modernisation and lifecycle management. The market is characterised by stable long-term investment cycles and strong demand from both public-sector and industrial clients.

The Science Based Targets initiative (SBTi) has validated STRABAG’s carbon reduction targets. By 2030, the company has committed to reducing its own emissions and those from purchased energy by 42% compared to 2023. Three key levers will support this goal: electrifying the Group’s passenger car and commercial vehicle fleet, converting construction machinery to renewable energy sources and reducing emissions from asphalt mixing plants. To lower emissions from upstream and downstream activities along the value chain, STRABAG is focusing on low-emission materials, efficient planning and closer collaboration throughout the supply chain.

As of 27 March 2026, B. Metzler seel. Sohn & Co. AG (Metzler Bank) initiated analyst coverage of STRABAG shares. Following the positive development in the share price and liquidity over recent quarters, together with STRABAG’s inclusion in Austria’s benchmark ATX index in September 2025, the additional analyst coverage represents another important step in strengthening the company’s visibility in the capital markets.

On 22 April 2026, the Supervisory Board of STRABAG SE announced the reappointment of the current Management Board for a further term of office. The new term will run from 1 January 2027 to 31 December 2030. Supervisory Board Chairwoman Kerstin Gelbmann highlighted the successful work of the Management Board and the importance of continuity in implementing the company’s strategy. The allocation of responsibilities within the Management Board remains unchanged (see Segment Report).

In April 2026, STRABAG successfully completed the acquisition of road and civil engineering specialist Gebr. Stumpp GmbH & Co. KG, based in Balingen. The acquisition expands STRABAG’s infrastructure and civil engineering capacities while strengthening its regional presence between the Black Forest and Lake Constance in southern Germany. The company employs around 300 people and generates annual revenue of approximately € 90 million.

The Pfaffensteig Tunnel is one of the most significant infrastructure projects aimed at improving cross-border rail connections between Germany and Switzerland. At approximately 11 km in length, the tunnel will make an important contribution to climate-friendly, future-oriented mobility. STRABAG will deliver several contract packages for the tunnel under the collaborative Integrated Project Delivery model. By involving all alliance partners at an early stage in the design and approval process, project delivery can be accelerated significantly while reducing costs.

Together with Bauer Spezialtiefbau GmbH, STRABAG is constructing the replacement for the more than 50-year-old Erlangen lock on the Main–Danube Canal. The contract is valued at € 380 million, of which 90% is attributable to STRABAG. This is already the joint venture’s second lock project in the region. Since 2024, it has also been working on the replacement of the nearby Kriegenbrunn lock. The contract highlights the growing importance of modernising Germany’s inland waterways, which are essential for freight transport.

In April 2026, STRABAG SE announced its intention to acquire UK geotechnical engineering and specialist foundation contractor Van Elle, which employs around 600 people and generates annual revenue of approximately € 150 million. The acquisition represents another step in implementing Strategy 2030 and supports the diversification of STRABAG’s country portfolio into additional attractive core markets. Van Elle complements the existing business through its complementary customer base and end markets, particularly in residential construction, water and energy, creating further growth opportunities. Following approval by a majority of Van Elle shareholders, the transaction was successfully completed on 15 June 2026 (closing).

STRABAG’s Australian subsidiary Georgiou has been awarded the Greenfield and Brownfield packages (Phase 1) of The Wave, an infrastructure project being delivered under a collaborative alliance contracting model. The project, one of Queensland’s largest rail infrastructure schemes and part of the long-term infrastructure strategy ahead of the Brisbane 2032 Olympic and Paralympic Games, will significantly improve mobility on the Sunshine Coast by providing faster and more reliable rail connections. With these new contracts, the Georgiou Group’s order backlog has exceeded € 1 billion for the first time, further strengthening STRABAG’s position in Australia’s growing infrastructure market.

STRABAG plans to acquire 100% of the shares in BAWI Construction SRL, headquartered in Bucharest, Romania. The established company has a high level of in-house production and extensive expertise across the entire rail infrastructure value chain – from construction and modernisation services to specialised works and the in-house manufacture of components. With around 240 employees, BAWI Construction generated revenues of approximately € 60 million in 2025. STRABAG also intends to acquire Daroconstruct S.R.L. in the city of Iași in order to strengthen its regional presence in eastern Romania. The company has 400 employees and generates annual revenue of around € 70 million.