Strabag stock: 2026 margin outlook rises after nine-month growth

STRABAG SE raised its 2026 EBIT margin outlook on Thursday, November 12, after reporting continued double-digit operating growth in the third quarter. In its nine-month trading statement, the construction group confirmed its full-year output forecast close to EUR 23 billion and lifted the expected EBIT margin range to 6-6.5% from 5.5-6%.

Infrastructure drives operating growth

Output volume reached EUR 16.49 billion in the first nine months of 2026, up 14% from the same period a year earlier. Third-quarter output increased 17% year on year, with Germany the largest contributor, particularly in energy and railway infrastructure and high-tech industrial construction.

STRABAG said its order backlog stood at EUR 34.97 billion at September 30, 12% above the prior-year level. International and special divisions posted the strongest backlog expansion among the reported operating areas, while new third-quarter orders included German industrial and healthcare facilities, a Berlin rail tunnel and transport projects in Central and Eastern Europe.

Margin target moves higher

Management maintained the output forecast after nine months of operating performance and said major infrastructure projects and recovering demand for asphalt paving in the North + West segment were supporting earnings. The forecast for net investments remains capped at EUR 1.5 billion.

Strabag stock traded at 106.80 euros on Lang & Schwarz at 17:44 CET on Thursday, November 12, 2026, 0.37 percent below the Xetra close of Thursday.

The Austrian market remains focused on how higher infrastructure activity converts into earnings and cash generation.

More updates on the STRABAG SE stock will follow as the company advances its 2026 projects and reports further operating progress.