STRABAG posts robust growth and operational efficiency in 2023

STRABAG SE, the publicly listed European technology group for construction services, was faced with largely declining markets in 2023.

Thanks to its ability to cover the entire construction value chain and due to its broad geographical presence, however, STRABAG can look back on a strong performance in 2023. The output volume of the Group increased by 8% to € 19.1 billion, the order backlog remained more or less stable at a very high level of € 23.5 billion. The net income after minorities increased by 33% to € 631million, the highest figure in the history of STRABAG SE.

On the Romanian market, STRABAG is active since 1991, establishing its headquarters in Bucharest in 1994. Today, STRABAG SRL, the Romanian subsidiary, has offices in all major cities of the country: Bucharest, Timișoara, Sibiu, Cluj, Iași. In Romania, the company operates in all construction sectors, especially in the transport infrastructure, building construction and civil engineering segments, as well as in environmental construction.

Workforce Expansion and Employment Opportunities: In a year marked by global economic uncertainties, STRABAG has successfully expanded its workforce in Romania, with a notable 10% increase in employees. This growth from 1,768 to 1,942 employees highlights the company’s robust operational expansion and reflects its dedication to creating valuable employment opportunities and contributing positively to the local economy.

Record-Breaking Output Volume: The year 2023 has been remarkable for STRABAG in Romania, with the company achieving a staggering 65% increase in output volume, rising from €315.46 million in 2022 to €519.26 million. This growth is a proof to the company’s operational efficiency and the successful completion of key projects, cementing its position as one of the most reliable players in the construction sector. Notably, in 2023 we completed Chețani – Câmpia Turzii on the Transilvania Highway (A3) a remarkable 8 months ahead of schedule, providing crucial high-speed connectivity from municipiul Târgu Mureș to Timișoara and Arad, and to the Nădlac Border Crossing. projects, and spans all areas of the construction industry and cover the entire construction value chain.

Additionally, in 2023, we achieved another significant milestone with the completion of the new Terminal T4 at Iași Airport, which will further enhance regional connectivity. These successes demonstrate STRABAG’s commitment to quality project delivery and our strategic agility, positioning us to capitalize on future opportunities while consistently exceeding expectations.

Strategic Management of Order Backlog: Despite a 13% decrease in the order backlog, from € 567.13 million in 2022 to € 495.74 million in 2023, STRABAG continues to deliver significant projects with remarkable efficiency and speed.

Outlook 2024: This year, we made a strong start by delivering the aprox. 19 km express road connecting the Transilvania Highway (Biharia) with the Oradea Ring Road (Sântandrei)—one month ahead of schedule. Additionally, we are nearing the completion of the modernization of DJ691 / LOT2 near Timișoara, and we also progress to complete the Stay Cable Bridge over Someș River in Satu Mare and the modernization of Târgu Mureș Airport.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle – from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 83,000 employees, we generate an annual output volume of around € 19 billion.