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Hochtief AG
XBER:HOT

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Hochtief AG
XBER:HOT
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Price: 334.4 EUR 1.27%
Market Cap: 15.2B EUR

Hochtief AG
Investor Relations

Hochtief AG, a titan in the realm of construction and engineering, stands as one of Germany’s most storied companies with roots that trace back to 1874. Known for transforming skylines and landscapes across the globe, Hochtief has established its core operations primarily in three geographical regions: the Americas, Asia-Pacific, and Europe. The company's strategy focuses on diverse sectors such as infrastructure, building, and engineering projects, positioning itself as a leader in both public and private sector developments. By leveraging its extensive expertise and innovative methodologies, Hochtief drives complex projects, from the creation of skyscrapers to the development and maintenance of roads, airports, and bridges. Its operational ethos combines a strong emphasis on sustainability, smart technology, and safety, which sets it apart in the competitive construction landscape.

Revenue streams for Hochtief are primarily derived from undertaking large-scale, often iconic construction projects and through subsidiary operations, like CIMIC Group in Australia. These projects range from high-profile urban developments to crucial infrastructure works, with the company often engaged from design through to maintenance. Hochtief doesn't just build, but also invests in infrastructure projects, thus possessing stakes over the life of some developments, adding a long-term financial layer to its income. Additionally, through its public-private partnership (PPP) projects, Hochtief is able to generate consistent cash flows, securing a steady roster of contracts that help weather industry cyclicality. Such a diversified model allows Hochtief to not only capture immediate project-based revenues but also ensure long-term profitability through management and concession-based income.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Jul 25, 2023
AI Summary
Q2 2023

Sales Growth: HOCHTIEF reported sales of EUR13 billion for H1 2023, up 9% year-on-year.

Profit Increase: Operational net profit rose 8% to EUR270 million, with nominal net profit up 9% to EUR262 million.

Strong Cash Performance: Cash flow from operating activities pre-factoring rose over EUR100 million YoY to EUR676 million in Q2 and nearly EUR1.2 billion on a last 12-month basis.

Order Book Strength: New orders exceeded EUR18 billion in H1 2023, up 26% YoY, and the order book reached EUR53.6 billion, up 8% YoY on an FX-adjusted basis.

Risk Reduction: The proportion of lower-risk projects in the order book approached 85%, up from 80% at year-end 2022.

Guidance Confirmed: Management reiterated 2023 operational net profit guidance of EUR510–550 million.

Focus Areas: Significant growth in high-tech, energy transition, and sustainable infrastructure markets; selective equity investments in these sectors are beginning.

Key Financials
Sales
EUR13 billion
Operational Net Profit
EUR270 million
Nominal Net Profit
EUR262 million
Cash Flow from Operating Activities (pre-factoring)
EUR676 million (Q2), close to EUR1.2 billion (last 12 months)
Net Cash
EUR346 million
New Orders
over EUR18 billion (H1 2023)
Order Book
EUR53.6 billion
Cash Flow from Operating Activities (last 12 months)
close to EUR1.2 billion
Dividend from Thiess
AUD54 million
Earnings Call Recording
Other Earnings Calls
2023

Management

Mr. Juan Santamaria Cases
Chairman of the Executive Board
No Bio Available
Mr. Nikolaus Graf von Matuschka
Member of Executive Board
No Bio Available
Ms. Martina Steffen
Labor Director, Chief Sustainability & Member of Executive Board
No Bio Available
Mr. Angel Muriel Bernal Ph.D.
COO & Member of Executive Board
No Bio Available
Ms. Georg von Bronk
Chief Compliance Officer
No Bio Available
Dr. Bernd Pütter
Senior Vice President of Corporate Communications
No Bio Available
Mr. Michael Pinkney C.F.A.
Head of Corporate Strategy
No Bio Available
Mr. Tobias Loskamp
Head of Capital Markets Strategy
No Bio Available
Mr. Peter J. Davoren
CEO & President of Turner Construction Company
No Bio Available

Contacts

Address
NORDRHEIN-WESTFALEN
Essen
Alfredstrasse 236
Contacts
+492018240.0
www.hochtief.de