EQS-News: STRABAG SE
/ Key word(s): Preliminary Results
STRABAG SE reports records and expects records
17.02.2022 / 10:21
The issuer is solely responsible for the content of this announcement.
Output growth of 4 % to ? 16.1 billion
Order backlog at record level of ? 22.5 billion (+22 %)
Outlook for 2022: output should at least match record year of 2019, EBIT margin sustainably at >= 4 %
STRABAG SE
2021
2020
% 2020-2021
Output volume
16,128.92
15,446.61
4 %
Order backlog
22,500.85
18,369.02
22 %
Employees
73,606
74,340
-1 %
NORTH + WEST
2021
2020
% 2020-2021
Output volume
7,902.46
7,862.65
1 %
Order backlog
11,628.13
9,158.18
27 %
Employees
25,430
25,801
-1 %
SOUTH + EAST
2021
2020
% 2020-2021
Output volume
4,930.38
4,632.60
6 %
Order backlog
5,596.97
4,441.14
26 %
Employees
20,685
20,512
1 %
INTERNATIONAL + SPECIAL DIVISIONS
2021
2020
% 2020-2021
Output volume
3,161.46
2,811.86
12 %
Order backlog
5,268.22
4,763.26
11 %
Employees
20,610
21,339
-3 %
OTHER
2021
2020
% 2020-2021
Output volume
134.62
139.50
-3 %
Order backlog
7.53
6.44
17 %
Employees
6,881
6,688
3 %
STRABAG SE, the publicly listed European technology group for construction services, today announced its first figures for the 2021 financial year and gave an outlook for 2022. "2021 was an exceptionally successful year for us. We were still unable to match the record year of 2019 in terms of output - that should be achieved in 2022 - but an extraordinarily high EBIT margin for 2021 is on the horizon. We are very confident that we will achieve our goal of a sustained EBIT margin of at least 4 % from 2022 onwards," expects Thomas Birtel, CEO of STRABAG SE.
Output volume
The STRABAG SE Group recorded a 4 % higher output of ? 16,128.92 million in the 2021 financial year. This is mainly due to a 10 % upturn in the home market of Austria following the negative business development in the same period of the previous year as a result of the temporary suspension of construction work in the wake of the coronavirus crisis. Growth was also recorded, among other places, in Germany, the Czech Republic and, due to ongoing megaprojects, in the UK.
Order backlog
At ? 22,500.85 million, the order backlog was 22 % higher than in the previous year - another record level. The order backlog increased especially in the home markets of Germany and Austria, but also in core markets such as Poland and Hungary, thanks to numerous new projects in a wide range of sectors.
In Germany, these projects include an office tower complex for Helaba in Frankfurt, a shipbuilding facility for thyssenkrupp Marine Systems in Kiel and the six-lane expansion of the A8 motorway near Pforzheim along a length of 4.8 km. New orders in Poland comprise, among other things, two design-and-build projects for a 12 km section of the S19 motorway and the S12 bypass road for the city of Che?m. In Hungary, the order books were filled in part by projects for a two-lane expansion of the R67 expressway over a length of 10 km, the expansion of a railway section of the TEN-T network and the gap closure of the M6 motorway to the Croatian border.
Employees
The number of employees decreased slightly by 1 % to 73,606, due mainly to the completion of tunnelling work for the Alto Maipo hydropower megaproject in Chile. This was contrasted by increases in the UK and Croatia, among other places. The remaining markets showed very mixed trends.
Outlook 2022
Based on the new record order backlog of around ? 22.5 billion at the end of 2021, the Management Board is confident that it will also be able to at least match the record output volume of ? 16.6 billion from 2019. Growth is expected in all three operating segments, but especially in South + East.
In terms of the EBIT margin (EBIT/revenue), the company is sticking to its target of achieving at least 4 % on a sustainable basis from 2022 onwards. The combination of numerous positive earnings effects in all segments led to a projected EBIT margin of close to 6 % for 2021. This exceptionally high level is not expected to be repeated in 2022, however. Net investments (cash flow from investing activities) in 2022 will likely not exceed ? 550 million.
Additional figures and details about the 2021 financial year will be available from 7:00 a.m. (CEST) on 29 April 2022 at www.strabag.com.
17.02.2022 This Corporate News was distributed by EQS Group AG. www.eqs.com
STRABAG SE is an Austria-based construction company, that specializes in construction & civil engineering, transportation infrastructure, tunneling, and offers construction-related services. The Company operates in three segments: The North + West segment covers the construction activities in Germany, Poland, Benelux and Scandinavia, as well as the ground engineering, hydraulic engineering and offshore wind activities; the South + East segment comprises the railway structures activities, as well as the construction activities in Austria, Switzerland, Hungary, Czech Republic, Slovakia, Adriatic, Rest of Europe and Russia and neighboring countries and environmental technology, and the International + Special Divisions segment includes tunneling, services, real estate development and infrastructure development, as well as the construction materials business. Its subsidiaries include, among others, DIW Instandhaltung Ltd & Co KG and DIW Deutsche Industriewartung AG.
STRABAG SE 
