The company demonstrated impressive resilience and growth in 2024 with a notable 8% rise in order backlog and is strategically expanding in key European markets. The order backlog surpassed €25 billion for the first time, reaching €25.2 billion, marking a 7% increase since December 2023.
Cyborg Score Rationale
Earnings grew 30.53% in 2024, and management forecasts stronger margins and higher output for 2025 driven by major projects and favorable conditions. Record order backlog positions the company well for growth, though revenue declined slightly in 2024.
Top Insights
Order backlog surpassed €25 billion for the first time, reaching €25.2 billion, a 7% increase since December 2023
2024 revenue of €17.43B declined 1.39% year-over-year, but earnings increased 30.53%
Geographic concentration with Germany accounting for 45.1% of sales, followed by Austria (14.8%), Poland (9.9%), and other European markets
Company forecasts stronger margins, higher output, and clear beat of earlier expectations for 2025
Named Competitors
Bouygues Construction — Major European construction and infrastructure firm
Hochtief — Global construction and engineering services
Skanska — Scandinavian-based construction and development company
Recent Developments
(February 2025) Record order backlog exceeds €25 billion, signaling strong pipeline for upcoming projects
(February 2024) Raised 2025 guidance, forecasting stronger margins and higher output driven by major projects