STRABAG has reported a 38.7% increase in the company’s order intake for the transportation infrastructure construction segment, reaching a new record volume of approximately €5.2bn ($5.9bn) in financial year (FY) 2024.
This growth is largely attributed to the company’s involvement in power line projects for three network operating companies, valued at €1.1bn.
Additionally, the company has secured new contracts, including the renovation of the Hamburg-Berlin railroad line, the development of the A 7 Uttrichshausen valley bridge, and the replacement of the Leine and Leineflut bridges on Hanover’s southern expressway.
The company’s work performance in traffic route construction also witnessed an uptick, rising to around €4bn, marking a 5.7% increase from the previous year.
The order backlog in this segment stood at approximately €4.3bn, which is 39.1% higher than the figure recorded in the preceding year.
The company remains optimistic about maintaining the upward trajectory in road construction in the forthcoming years.
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By GlobalDataSTRABAG Board member Christian Hattendorf said: “Due to the high need for refurbishment work on roads, bridges, rail networks and waterways, we expect capacity utilisation to remain high in the future.
“Efficient planning and approval processes are required in order to implement these projects quickly. However, we are optimistic that we will be able to play a decisive role in supporting the expansion of infrastructure planned by politicians in this country in the coming years.”
STRABAG is part of the Austrian STRABAG group and the parent company of the German STRABAG Group companies.
As of 31 December 2024, STRABAG’s workforce in road construction included 14,213 people.
Last week, STRABAG subsidiary ZÜBLIN Spezialtiefbau acquired BAUER Spezialtiefbau (Austria) for an undisclosed sum.
