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 board of directors

Ladies and Gentlemen,

Despite challenging conditions for the global economy, we can look back on the 2023/24 financial year with confidence. SWIETELSKY proved to be extremely resilient in the past financial year in a tougher interest rate environment with low consumer confidence, a flattened economy and geopolitical tensions.

SWIETELSKY closed the 2023/24 financial year on a very positive note, building on the success of previous years. At EUR 252.7 million, earnings before interest, taxes, depreciation and amortisation exceeded those of previous years. The earnings contributions from all core markets were very pleasing. Due to the clearly positive interest result, the current EBT of EUR 150.1 million is above the previous year's level. At EUR 113.7 million, earnings after taxes are also higher than in 2022/23.

With regard to construction output in the current financial year, we expect to be able to build on the high levels of previous years. Despite high financing costs, which are currently slowing demand, particularly in residential construction, we are seeing stable demand for sustainable investments in particular. The infrastructure segments of civil engineering and railway superstructure are recording a clear growth trend, which will further strengthen our already strong position in these areas.

SWIETELSKY is very well positioned in the midst of a volatile market situation. Thanks to our broad diversification across all construction sectors and our focus on different markets and clients, we are able to react flexibly to challenges and make the most of opportunities. Major infrastructure projects, refurbishments and the climate transition will continue to require competent construction services in all areas of the construction industry in the coming years, which we at SWIETELSKY cover.

Success is always linked to people. We are proud of our approximately 12,000 dedicated employees in 21 countries, who play a key role in ensuring that we continue to achieve attractive performance and earnings figures.

Together, we will master the challenges of the coming year and continue to focus on innovation, expertise and sustainability to ensure our long-term success. We thank you for your trust and support and look forward to continuing to build successfully together in the future.