Annual report

Dear Shareholders,

We find ourselves looking back on a dynamic financial year, characterised by challenging conditions in terms of economic policy, the environment and the economy. SWIETELSKY once again succeeded in demonstrating its robustness, adaptability and sustainability in the 2024/25 financial year under review.

In the face of a declining construction economy throughout Europe, SWIETELSKY achieved very positive results for the financial year under review, building on the successes of previous years. At EUR 284.6 million, earnings before interest, taxes, depreciation and amortisation exceeded the result for the previous year, with pleasing contributions to earnings from all core markets. Thanks to the marked increase in EBITDA, the Group recorded an EBT of EUR 171.9 million, which is also an increase on the previous year. After-tax earnings are also significantly higher than the previous year at EUR 128.8 million. In addition, construction output has increased markedly on the previous year, amounting to EUR 3.67 billion.

With regard to the 2025/26 financial year, SWIETELSKY expects construction output to continue at the same high level as the previous three years. This forecast is based on the growth achieved by the Group in almost all markets. The growth trend in the infrastructure construction sector, particularly in the civil engineering and railway construction segments, is set to remain stable, as will demand for long-term investments in the energy transition. The situation is also looking positive for the building construction sector once again, as confirmed by the marked increase in our order backlog.

SWIETELSKY is competitively positioned thanks to its broad diversification across all construction sectors as well as its target market alignment. We are committed to leveraging our services and skills to contribute to long-term transformation and climate change adaptation for the Group as a whole. In order to help us achieve these goals, we have added a Sustainability Declaration to our Annual Report for the first time. This declaration is based on the European Sustainability Reporting Standards (ESRS) and is being included voluntarily; there is no legal obligation to incorporate this information into our reporting.

This successful financial year is the result of strategic planning, consistent implementation and continuous optimisation of our business and construction processes at SWIETELSKY. The success of our company would not be possible without the support of our around 12,200 employees, located across some 21 countries. It is founded on a combination of expertise and unwavering commitment.

We would like to thank you for your trust in us and your support as we look optimistically to the future, determined to continue working together to transform our operational efficiency into further sustainable economic success.

The Management Board