Strabag stock: 9M output rises 14%, margin outlook lifted

Published on 11/13/2026 at 18:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Strabag stock draws attention after stronger nine-month activity and a higher margin outlook. Management kept its full-year output forecast near 23 billion euros.

STRABAG raises margin outlook

The construction group reported stronger activity across major infrastructure markets.
Its order backlog reached 34.97 billion euros at the end of September.
Management kept the full-year output forecast near 23 billion euros.

Strabag, AT000000STR1, Illustration mit AI erstellt.

STRABAG increased output by 14 percent year on year in the first nine months of 2026, while raising its full-year EBIT margin outlook. The construction group published the figures on Thursday, 12 November, in its STRABAG Newsroom.

Strong infrastructure demand

Output reached 16.49 billion euros in the January-to-September period. The company said Germany was the main growth driver, supported by energy and railway infrastructure as well as high-tech industrial construction. Progress on major projects and the acquisition of Van Elle also supported activity in the United Kingdom.

The order backlog stood at 34.97 billion euros at 30 September, up 12 percent from a year earlier. International and special divisions recorded the strongest backlog growth, while new orders included infrastructure, industrial, healthcare and railway projects in several European markets.

Margin target moves higher

STRABAG kept its 2026 output forecast near 23 billion euros but lifted its EBIT margin guidance to 6-6.5 percent from 5.5-6 percent. Management cited higher-than-expected contributions from major infrastructure projects and recovering demand for asphalt paving in the North and West segment. Net investment guidance remained capped at 1.5 billion euros.

For investors, the higher margin target improves the earnings outlook, while the backlog provides visibility into future project execution. Delivery against the updated profitability range remains important as construction activity develops through the final quarter.

STRABAG stock traded at 107.10 euros on Lang & Schwarz at 18:32 CET on Friday, 13 November 2026.