Swietelsky AG

Annual report

Open communication and transparency towards our investors and the market are very important to us. Here you can find the current consolidated financial statement in German and English as well as the "Jahresbericht" (consolidated and individual financial statements) in German. We also publish the management statement on the last consolidated annual report below.

/ Foreword by the management board

Gesamtvorstand SWIETELSKY1

Ladies and gentlemen,

SWIETELSKY remained stable in the first semester of 2023/2024 despite a challenging macroeconomic context. Increased financing and labour costs, the stubbornly high costs for materials and energy, and an increasingly tight labour market for skilled workers are reflected in economic stagnation in all core markets. Nonetheless, SWIETELSKY could improve its revenue from construction slightly year-on-year, to EUR 2,047.3m. As expected, the difficult interest rate environment resulted in a decrease in residential building construction in the first semester. We were able to compensate for this through growth in infrastructure construction.

Large contracts in engineering and tunnel construction were executed on schedule; our order backlog remains at the previous year’s level of 2.9 billion.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by 1.1 per cent, or EUR 1.8m, compared to the same period last year.

Armed with our solid market position with its broad diversification and the expertise of our employees, we look to the future with enthusiasm and determination. Over the entire year, we are forecasting revenue from construction to be at the previous year’s level and earnings similar to those in recent years.

We would like to thank all Swietelskys, whose commitment enables our common success.

November 2023


Download Annual report 2023/24

Download Annual report 2022/23

Download Annual report 2021/22

Download Annual report 2020/21