Strabag Reports Strong H1 Performance and Raises Full-Year Outlook
Vienna-listed construction firm Strabag reported robust performance in the first half of 2026, leading to an upgraded full-year outlook. Output volume rose by 12% year-on-year to €9.98 billion, while EBIT surged 35% to €174.4 million and net income increased by 25%. The company's order backlog reached a record high of €36 billion, driven largely by infrastructure contracts in Germany and railway projects in Australia from its acquisition of the Georgiou Group. Strabag raised its full-year output forecast to €23 billion from previously expected €22 billion. It also increased its EBIT margin target range to 5.5%–6%, up from 5%–5.5%. CEO Stefan Kratochwill attributed strong second-quarter momentum to improved weather conditions and high demand for infrastructure projects across Europe and Australia. The positive results led to a sharp rally in Strabag's stock, with shares rising nearly 14.7% during the session.
Topics: backlog_increase construction infrastructure profit_growth