Added to YB: 2026-08-27
Pitch date: 2026-08-25
STR.VI [neutral]
Strabag SE
+1.5%
current return
Author Info
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Company Info
Strabag SE engages in the construction projects. The company provides building construction and civil engineering services, including bridge budling, prefabricated elements, commercial and industrial construction, civil engineering, power plants, metal construction, public buildings, environmental technology, water technologies, and residential construction.
Market Cap
EUR 9.9B
Pitch Price
EUR 86.80
Price Target
N/A
Dividend
3.39%
EV/EBITDA
3.72
P/E
10.78
EV/Sales
0.34
Sector
Construction and Engineering
Category
growth
Strabag (STR Austria): Strong on a record backlog and German infrastructure spending
STR.VI (earnings): H1 output ~€9.6bn (+~8%); Q1 weather-limited to +4% but Q2 accelerating; H1 EBIT +>28% to €165-170m, margin ~2.0% vs 1.6%. Key driver: record backlog toward €33-34bn, H1 book-to-bill ~1.25x on numerous large Q2 wins. Mgmt likely retains 2026 targets (~€22bn output, 5-5.5% EBIT margin); scope to beat on margin. Caveat: tough H2 comps vs unusually profitable H2 last year limit extrapolation. Real catalyst: Sept 1 CMD — Strategy 2030 update; existing 6% 2030 margin target already exceeded two years running, so room to raise medium-term ambitions given German infra program. Author est unless noted.
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